Analyst flags $0.90 as key long-term support after spotting an ascending triangle on XRP’s monthly chart
Crypto analyst Ali Martinez has highlighted a long-term technical setup on XRP’s monthly chart that puts the $0.90 area in focus as a potential multi-year support level.
What Martinez spotted
- On X, Martinez shared a monthly chart showing XRP trading inside an ascending triangle for the past few years. The pattern features a flat upper trendline (resistance) and an upward-sloping lower trendline (support).
- Because the lower line slopes upward, the pattern’s trading range narrows with a bias toward higher lows — hence “ascending.” In TA, a decisive break above the flat top or below the rising base often signals continuation in that direction.
Recent price action and projection
- According to the chart, XRP retested the triangle’s resistance last year and was rejected, triggering a sizeable drawdown that has brought price closer to the pattern’s lower boundary.
- Martinez extended the pattern’s trajectory on the monthly chart and projected that XRP could revisit the lower trendline around $0.90. “I’m watching $0.90 closely on $XRP,” he wrote. “If price gets there, I think it could offer a compelling long-term buying opportunity.”
- Whether XRP continues its bearish path long enough to test that level remains uncertain.
Wider TA context
- The piece also contrasts triangles with another common consolidation pattern: parallel channels. As Martinez noted in a separate post, Ethereum has been trading inside a weekly parallel channel and has already moved about 75% of the way down toward its lower trendline, near $1,096.
Price snapshot
- XRP fell as low as $1.05 earlier before recovering slightly to around $1.15 at the time of the report.
Bottom line
- Martinez’s view frames $0.90 as a structurally meaningful level tied to a multi-year ascending triangle on the monthly chart. Traders will be watching whether XRP holds that rising support or breaks lower — and whether any eventual breakout favors bulls or bears.
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