A crypto analyst says XRP may find support between $0.60 and $0.90 based on a technical pattern seen on the monthly chart. Analyst Ali Martinez shared a chart on X showing an Ascending Triangle that has contained XRP price action for several years.
An Ascending Triangle forms when price moves between a rising lower trendline and a relatively flat upper trendline. The flat top acts as resistance while the rising lower line provides support, narrowing the range and often creating an upside bias. Breakouts above the horizontal resistance are typically bullish, while breaks below the lower trendline are bearish; however, Ascending Triangles are generally more prone to upward breakouts.
Martinez notes that XRP retested the triangle’s upper ceiling last year and was rejected, which was followed by a significant drawdown. If bearish pressure persists, the coin could revisit the triangle’s rising lower trendline. Martinez highlights potential support along that line in the $0.90 to $0.60 area, a zone that has historically acted as a cushion, including around prior bear market lows.
It is not yet clear whether XRP will fall back to that support or bounce before reaching it. At the time of the report, XRP was trading around $1.40, down nearly 5% over the previous 24 hours.
Image credit: Dall‑E. Chart: TradingView.com.