A crypto analyst says XRP may be carving out a long-term floor between $0.60 and $0.90 as it trades inside a classic technical pattern on the monthly chart.
In a recent post on X, analyst Ali Martinez flagged an Ascending Triangle forming on XRP’s 1-month price chart. Ascending Triangles appear when price compresses between two converging trendlines: a flat or near-flat resistance line on top and a rising support line underneath. The pattern’s structure narrows the consolidation range and typically carries an upward bias — meaning a breakout to the upside is statistically more likely, while a breakdown below the lower trendline would signal bearish continuation.
Martinez’s chart shows XRP repeatedly touching the triangle’s upper ceiling last year and getting rejected, followed by a sizable drawdown. If bearish momentum continues, the analyst says the token could revisit the triangle’s sloping support (referred to as the hypotenuse) in the coming months. “XRP could find support along the triangle’s hypotenuse between $0.90 and $0.60,” he wrote — a line that has previously acted as a cushion during past bear-market lows.
For traders and investors that matters because triangles often precede sustained moves: a decisive close above the flat resistance can usher in a bullish leg, while a break below the rising support would open the door to deeper losses. Whether XRP rebounds before reaching that support band or retests it remains to be seen.
At the time of writing XRP is trading around $1.40, down nearly 5% over the past 24 hours. Watch the monthly trendlines and volume for clues on which way the triangle might resolve.
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