Key Highlights
- A 9-year ascending triangle formation on XRP’s monthly timeframe has been identified by analyst Ali Martinez, projecting a target of $8.50
- Critical support area identified between $0.75 and $0.80, marked as a significant accumulation opportunity
- Binance’s Taker Buy/Sell ratio reached all-time highs, indicating increased accumulation activity
- XRP currently hovers near $1.33, experiencing a 1.7% decline over 24 hours while maintaining a 2.36% weekly gain
- Derivatives market shows open interest declining 1.76% to $2.43 billion, accompanied by $3.98M in liquidations, predominantly affecting long positions
XRP continues to hover near $1.33 while market observers monitor a technical formation that has been developing across almost nine years. The digital asset remains confined within a tight trading corridor, awaiting a decisive directional shift.
Market analyst Ali Martinez shared insights on X, revealing that XRP has been constructing an extensive ascending triangle configuration dating back to 2017. Throughout this period, each attempt to breach the upper boundary has resulted in rejection, followed by retracements to an upward-sloping support trendline. This cyclical behavior has occurred numerous times over the years.
The technical chart presented by Martinez identifies horizontal resistance positioned around $3.30, a level that has historically capped upward movements. Meanwhile, the supporting trendline has steadily climbed higher, bringing both boundaries closer to convergence—the apex where breakouts traditionally materialize.
Should a breakout materialize, Martinez projects a price objective of $8.50. From current valuation levels, this would translate to approximately 530% upside potential.
Critical Support Region Between $0.75 and $0.80
The latest rejection from the resistance level occurred in August 2025. Following that price action, Martinez highlighted the $0.75–$0.80 zone as a critical level worth monitoring. He characterized this area as the “ultimate buy the dip opportunity” ahead of the triangle pattern reaching its convergence point.
Separately, analyst Crypto TXG observed that XRP remains trapped within a more immediate consolidation zone spanning $1.61 to $1.82. The absence of significant directional candles suggests that a breakout from this tighter range is necessary before any meaningful near-term trend can establish itself.
Blockchain Metrics Indicate Strengthening Demand
Analyst CryptoOnchain highlighted notable developments in Binance’s Taker Buy/Sell ratio metrics. The 100-day moving average recently established a new all-time high. Concurrently, the 30-day metric showed buyers at 0.495, while sellers dropped to 0.505.
This directional shift indicates that market participants are increasingly executing aggressive buy orders while selling pressure diminishes. The data suggests steady accumulation occurring beneath the surface.
U.S.-based spot XRP exchange-traded funds recorded $11.5 million in net inflows throughout the previous week, despite several days showing zero movement.
Santiment observed that negative sentiment surrounding XRP on social platforms has reached its third-highest intensity over the past two years. The analytics platform emphasized that historically, when bearish commentary reaches these extremes, price action has frequently reversed course.
Derivatives open interest contracted by 1.76% to $2.43 billion. Liquidation figures revealed $3.98 million eliminated within a 24-hour window, with $3.35 million stemming from long positions—indicating ongoing near-term pressure facing bullish market participants.
