Crypto analyst Ali Martinez (@ali_charts) has identified a developing technical setup for XRP that traders are watching closely. The asset’s price has been compressing for nearly two weeks. O
Crypto analyst Ali Martinez (@ali_charts) has identified a developing technical setup for XRP that traders are watching closely. The asset’s price has been compressing for nearly two weeks.
On the 4-hour chart, a clear triangle pattern has formed, with each successive high lower than the last and the price holding firm along a horizontal base near $1.48.
The pattern has tightened considerably, and the asset now trades near $1.4996 as it approaches the structure’s apex.
XRP INCHES CLOSER TO A BIG MOVE
Whales have remained relatively sidelined over the past week, with no significant change in their $XRP holdings.
Meanwhile, XRP continues to consolidate inside a triangle. As price moves closer to the apex, a bigger move could be approaching.
A… https://t.co/OIBRa8Efk5pic.twitter.com/TsVqgr3tJG
— Ali Charts (@alicharts) October 4, 2026
Martinez shared the 4-hour chart on X, showing XRP trading inside a descending triangle that began forming around September 25. The upper boundary slopes downward from a high near $1.62, while the lower boundary holds flat near $1.48.
The digital asset has tested that lower boundary multiple times without breaking below it. As of the chart’s timestamp, XRP was trading at $1.4996.
The setup reflects a prolonged consolidation. Each rally has produced a lower high, reflecting steady selling pressure from above. Yet buyers have continued to defend the $1.48 area, keeping the floor intact.
Martinez identified $1.53 as the key level to monitor. “A 4-hour close above $1.53 could confirm a bullish breakout,” he wrote, “and open the door to $1.62.” That $1.62 target aligns with the origin of the descending upper trendline, making it a technically significant area of interest.
The distance between the current price and $1.53 is relatively small. A confirmed close above that level on the 4-hour chart would represent a break above the triangle’s resistance and signal a potential shift in short-term momentum.
Martinez also noted large holders’ behavior in his post. “Whales have remained relatively sidelined,” he wrote, with no significant change in their XRP holdings. Although the XRP ecosystem is known for whale activity, inactivity during consolidation phases is common. It can indicate a period of price discovery before conviction returns to either side of the market.
XRP is approaching the end of the triangle structure. The asset’s price cannot compress indefinitely inside this pattern. Martinez’s analysis suggests XRP’s next significant move hinges on whether buyers can push a 4-hour candle above $1.53. A successful close above that level targets $1.62.
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The post Ali Martinez Says XRP Inches Closer to a Big Move. Here’s why appeared first on Times Tabloid.
