The XRP community is known for posting bold and often unrealistic price targets. Every week, social media is filled with calls for $10 or even $100 XRP in the short term. But a new analysis from Ali Martinez takes a more balanced view – and this one actually makes sense.
Martinez shared a chart showing Ripple’s token forming a descending triangle on the 12-hour timeframe. The XRP price is now pressing against the upper boundary of that pattern, sitting in the $2.95–$3.00 zone. A breakout above this line would signal a shift in momentum and could trigger the next rally.
The analysis uses Fibonacci retracement levels to map out likely targets:
- 0.786 Fib: $2.87 – first support if the breakout fails.
- 0.618 Fib: $3.03 – first resistance just above the breakout zone.
- 0.5 Fib: $3.14 – a key level where traders often take profit.
- 0.382 Fib: $3.25–$3.26 – next upside checkpoint.
- 0.236 Fib: $3.40 – major resistance level from earlier this summer.
- 0.0 Fib (top of move): $3.66 – the ultimate upside from this setup.
Support remains important as well. If XRP fails to break higher, immediate support sits around $2.77, with stronger backing near $2.70. A close below those levels would put the bullish setup at risk and suggest more sideways movement.
What makes this forecast stand out is that it is rooted in technical structure, not hype. Martinez has laid out a clear roadmap based on patterns and retracement zones. It’s a sharp contrast to the exaggerated calls often seen in the XRP community, which rarely align with the actual chart.
XRP has also shown improving momentum over the last few sessions, bouncing from late-August lows near $2.70. That recovery has put the token in position to test resistance at exactly the right time. With the descending triangle nearing its apex, a decisive move looks close.
If XRP can push through $3.00 with volume, the breakout rally toward $3.40–$3.60 could play out this week. But if buyers fail at the line, the token risks another pullback into its long trading range.
For now, all eyes are on the $3.00 mark. How XRP reacts there will likely decide if Martinez’s $3.60 target comes into play – or if the wait for a breakout continues.
Read also: Here’s the XRP Price If Its Market Cap Matched Elon Musk’s Net Worth
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