XRP traded near $1.48 on October 3, reflecting slight declines over the previous 24 hours. Despite the recent dip, the digital asset remains up more than 50% from its August low, following th
XRP traded near $1.48 on October 3, reflecting slight declines over the previous 24 hours. Despite the recent dip, the digital asset remains up more than 50% from its August low, following the broader upbeat momentum across cryptocurrencies.
Technical analyst Ali Martinez has identified an ascending triangle formation in XRP’s monthly chart. This key technical pattern typically signals a period of consolidation, marked by rising lows converging with a horizontal resistance line.
In this case, XRP’s resistance sits at $3.66, a level tested multiple times but not yet surpassed on a monthly closing basis. Martinez stated that a close above this barrier would confirm the breakout and calculate a price objective at $31.87.
A decisive monthly close above $3.66 would validate a breakout from the ascending triangle and translate—according to pattern measurement technique—to a target near $31.87. This is a technical projection, not a guaranteed result.
Such a move from XRP’s current price would represent a gain of around 2,000%. Martinez underlined that while the technical structure provides an ambitious target, it does not ensure the price will achieve this level.
Martinez’s approach extended beyond XRP, including leading cryptocurrencies such as Bitcoin, Ethereum, and Solana. He observed a two-year rising channel in Bitcoin, with a potential upward break pointing to $190,000, or about 125% higher from prevailing market rates.
For Ethereum, Martinez highlighted a five-year channel and identified an $8,800 target if the asset rebounds from the $5,000 zone, implying a potential 231% increase. Solana’s technical profile features a cup-and-handle structure. With the neckline at $295, a confirmed breakout might bring about a surge to $2,744—representing a 2,186% rally from current levels.
Trader MikybullCrypto added that $XRP remains one of the most bullish setups in the crypto market, proposing a target between $5 and $7 under a breakout scenario. This view partially aligns with Martinez’s, though MikybullCrypto’s range is more conservative than the $31.87 projection.
$XRP is considered one of the most bullish charts, with potential for a valid target in the $5-$7 area if the breakout takes shape.
A different technical lens comes from FXEmpire, which tracks a recurring two-week fractal accompanied by a descending resistance and a long-term rising support line on the XRP chart. This pattern previously led to a 900% rally following the 2018 high and a 150% rise after the 2021 peak.
Currently, XRP is bouncing from the intersection of descending resistance and ascending support. The two-week Relative Strength Index has approached 50, and prices are positioned above both 20-period and 100-period exponential moving averages. However, recapturing the 50-period EMA near $1.59 would further strengthen the technical case for a breakout.
If this fractal sequence continues, analysts note XRP could climb to the $3.40-$3.50 range, signaling about 125% upside from current levels.
Supporting on-chain data from Binance showed that XRP transfers exceeding 1 million tokens made up 60.8% of daily outflow value on September 30, up from roughly 45% in August. Coinbase reflected similar activity, with outflows above one million tokens rising from 30% in early July to 48.7% by the end of September.
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