XRP traded near $1.48 on October 3, reflecting slight declines over the previous 24 hours. Despite the recent dip, the digital asset remains up more than 50% from its August low, following the broader upbeat momentum across cryptocurrencies.
Ascending triangle sets $31.87 technical target
Technical analyst Ali Martinez has identified an ascending triangle formation in XRP’s monthly chart. This key technical pattern typically signals a period of consolidation, marked by rising lows converging with a horizontal resistance line.
In this case, XRP’s resistance sits at $3.66, a level tested multiple times but not yet surpassed on a monthly closing basis. Martinez stated that a close above this barrier would confirm the breakout and calculate a price objective at $31.87.
A decisive monthly close above $3.66 would validate a breakout from the ascending triangle and translate—according to pattern measurement technique—to a target near $31.87. This is a technical projection, not a guaranteed result.
Such a move from XRP’s current price would represent a gain of around 2,000%. Martinez underlined that while the technical structure provides an ambitious target, it does not ensure the price will achieve this level.
Broader technical outlook: Bitcoin, Ethereum, Solana
Martinez’s approach extended beyond XRP, including leading cryptocurrencies such as Bitcoin, Ethereum, and Solana. He observed a two-year rising channel in Bitcoin, with a potential upward break pointing to $190,000, or about 125% higher from prevailing market rates.
For Ethereum, Martinez highlighted a five-year channel and identified an $8,800 target if the asset rebounds from the $5,000 zone, implying a potential 231% increase. Solana’s technical profile features a cup-and-handle structure. With the neckline at $295, a confirmed breakout might bring about a surge to $2,744—representing a 2,186% rally from current levels.
Trader MikybullCrypto added that $XRP remains one of the most bullish setups in the crypto market, proposing a target between $5 and $7 under a breakout scenario. This view partially aligns with Martinez’s, though MikybullCrypto’s range is more conservative than the $31.87 projection.
$XRP is considered one of the most bullish charts, with potential for a valid target in the $5-$7 area if the breakout takes shape.
Shorter-term fractal and on-chain signals
A different technical lens comes from FXEmpire, which tracks a recurring two-week fractal accompanied by a descending resistance and a long-term rising support line on the XRP chart. This pattern previously led to a 900% rally following the 2018 high and a 150% rise after the 2021 peak.
Currently, XRP is bouncing from the intersection of descending resistance and ascending support. The two-week Relative Strength Index has approached 50, and prices are positioned above both 20-period and 100-period exponential moving averages. However, recapturing the 50-period EMA near $1.59 would further strengthen the technical case for a breakout.
If this fractal sequence continues, analysts note XRP could climb to the $3.40-$3.50 range, signaling about 125% upside from current levels.
Supporting on-chain data from Binance showed that XRP transfers exceeding 1 million tokens made up 60.8% of daily outflow value on September 30, up from roughly 45% in August. Coinbase reflected similar activity, with outflows above one million tokens rising from 30% in early July to 48.7% by the end of September.
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