Crypto analyst Ali Martinez has identified an ascending triangle formation on XRP's monthly timeframe, featuring a critical resistance zone around $3.66. According to the analysis, a confirmed monthly close above the $3.66 threshold could point toward a measured technical target of $31.87.
XRP traded near $1.48, reflecting modest declines over a 24-hour period. Despite recent pullbacks, the digital asset has gained more than 50% from its August low, tracking the broader cryptocurrency market's momentum.
Additional Technical Frameworks and Projections
Martinez also applied similar chart-structure evaluations to other major digital assets. His Bitcoin assessment highlights a two-year rising channel with a potential target of $190,000 upon breaking the upper boundary. For Ethereum, a five-year channel pattern points to a target of $8,800 following a rebound from the $5,000 level. Solana's chart features a cup-and-handle pattern with a neckline near $295 and a potential target of $2,744 upon a confirmed breakout.
Other market commentators have shared complementary perspectives. Trader MikybullCrypto described XRP's technical setup as notably bullish, projecting a potential target window between $5 and $7 if a breakout occurs.
Shorter-Timeframe Fractal and On-Chain Metrics
An alternative technical approach examined by FXEmpire focuses on a recurring two-week chart fractal. Historically, this structure has appeared following major market tops, preceding significant rallies. If historical cycles continue, the pattern indicates a potential advance toward the $3.40 to $3.50 range, representing approximately 125% upside from current price levels.
On-chain metrics from major exchanges indicate shifting transaction patterns. Data from Binance shows that XRP transfers exceeding 1 million tokens accounted for 60.8% of daily outflow value on September 30, up from about 45% in mid-August. Similarly, Coinbase recorded large transactions above the million-token threshold reaching 48.7% of outflow value by the end of September, compared to roughly 30% in early July.
