Crypto analyst Ali Martinez (@ali_charts) published a 1-hour chart of XRP alongside his technical read of the current setup. The chart shows the asset action contained within a descending triangle, with a falling upper trendline pressing down on successive lower highs while price holds above a flat lower boundary near the $1.31-$1.35 range.
The Structure on the Chart
The triangle’s upper resistance line has declined steadily since late August after XRP’s breakout to $1.68. Each rally attempt has stalled at a lower level than the previous. Price is now near the triangle’s apex, where the two converging lines meet. That proximity forces a resolution. XRP will either move above the falling trendline or lose the support zone below.
Martinez has marked Fibonacci retracement levels on the chart. The 0.236 level sits at $1.3998, 0.382 at $1.4492, 0.5 at $1.4900, 0.618 at $1.5308, and 0.786 at $1.5868. These levels serve as reference points for potential resistance on any move higher. The current price on the chart reads $1.3432.
XRP BREAKOUT INCOMING!?
As long as $XRP holds the $1.31–$1.35 support zone, I’m watching for price to push toward the triangle’s apex.
The key confirmation comes at $1.38.
A decisive break above that resistance could trigger the bullish breakout and open the door to $1.60. https://t.co/LZseuFLh3C pic.twitter.com/16C0QcpVao
— Ali Charts (@alicharts) September 13, 2026
The $1.38 Resistance Level
Martinez identifies $1.38 as the confirmation level for a bullish move. He states that the “key confirmation comes at $1.38.” In the analysis, a decisive break above that level validates the breakout setup. Without it, the move remains unconfirmed.
He writes that as long as XRP holds the $1.31-$1.35 support zone, he is watching for its price to push toward the triangle’s apex. The support zone is where buyers have repeatedly stepped in. It has held through the most recent sell-off visible on the chart, with price bouncing from near the $1.31 area. Analysts now expect a breakout from current levels soon.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
The $1.60 Target
Martinez puts a specific price target on a confirmed breakout. He says a decisive break above $1.38 resistance “could trigger the bullish breakout and open the door to $1.60.”
That target aligns with the 0.786 Fibonacci level at $1.5868 and the 0.786 area marked on the chart at approximately $1.5868, with $1.60 acting as the psychological round number above it.
The gray projected path drawn on the chart shows price moving up through the Fibonacci levels in sequence following a breakout from the descending triangle. It passes through the 0.236, 0.382, 0.5, and 0.618 levels before reaching the $1.60 area.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
