Crypto analyst Ali Martinez expects a potential 5% rally for XRP price if it breaks out of its descending triangle in the short time frame.
This crypto expert has argued that XRP price could be on the cusp of a rally to $1.46, if it consistently closes above $1.40 in the 1-hour timeframe. As such, he signals a possible 5% upside.
XRP’s 1-hour chart. Source: TradingView
This analyst highlighted that XRP price has been forming a symmetrical descending triangle, which is a tug-of-war where buyers defend a support level near $1.3851 while sellers help form the hypotenuse. As the traders squeeze the XRP price towards the apex of the descending triangle, Martinez expects a strong rally towards $1.46 if the sellers yield.
XRP fundamentals and price performance
As the token’s price signals a potential bullish move in the near term, investors have been accumulating via spot exchange-traded funds (ETFs). The U.S. spot XRP ETFs have recorded eight consecutive weeks of cash infl
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