XRP Triangle Pattern Points To Major Upside Target

A multi-year triangle pattern is forming on XRP’s monthly chart, signaling a potential major breakout during the next cryptocurrency bull cycle. The structure shows price compressing between rising support and falling resistance over several years. According to one analyst, a breakout from the pattern could point to a significant upside target.

Multi-year XRP triangle pattern

In an X post on March 13, popular crypto trading expert Ali Martinez shared a chart showing XRP forming a large symmetrical triangle that has been developing for several years.

Triangle patterns occur when price compresses between rising support and falling resistance, gradually forming a wedge-shaped structure. In technical analysis, such formations often signal a large directional move once the price eventually breaks out of the pattern.

The analyst suggests that if XRP breaks the upper boundary of the triangle, the structure could point to a long-term price target near $48.

Key levels on the chart

The chart highlights several key price zones that could shape XRP’s trajectory. Near-term support levels appear around $0.90 and $1.60, while a critical resistance area sits near $3.32.

According to the analysis, a sustained move above that resistance level could trigger the next major expansion phase for XRP. The projection arrow on the chart extends toward the $27-$48 range, suggesting the possible upside if a full breakout occurs during the next bull cycle.

For the time being, the price of XRP stands at $1.43, which represents a 3.7% gain on the day, an increase of 1.9% across the week, and an accumulated advance of 4.7% over the past month, per the most recent chart data.

Long-term bull run scenario

Martinez has previously highlighted triangle formations as signals of potential large-scale moves in crypto markets. A successful breakout typically requires strong buying pressure and increased market participation.

Though the chart presents an optimistic scenario, analysts generally note that technical projections depend heavily on broader market conditions and investor demand.

For now, the multi-year triangle remains intact, with traders watching whether XRP eventually pushes through the key resistance zone that could trigger the next major rally.

More must-reads:

• Pro-Crypto Senator Meets Fed Chair Pick to Discuss Digital Assets
• Wall Street Enters XRP ETFs as Inflows Hit $1.4B, Goldman Sachs Becomes Top Holder
• Should You Sell Bitcoin at $100K? Here’s What ChatGPT Says