Ripple’s native token (XRP) has moved sideways for months, and analysts now say the token is trading inside a symmetrical triangle on the daily chart.
Summary
- XRP trades inside a symmetrical triangle, with Ali Martinez pointing to a possible 35% move.
- Ali Martinez said XRP’s SuperTrend turned bullish, with $1.55 now acting as the key resistance.
- ETF inflows rose last week as Solana launched wrapped XRP for use across DeFi.
This pattern usually forms when price swings get tighter over time, with lower highs and higher lows pushing the market toward a breakout point.
Analyst Ali Martinez, known as Ali Charts on X, said ”$XRP consolidates in a symmetrical triangle, pointing to a potential 35% move.” His view has drawn attention as XRP holds near $1.40 after gaining nearly 6% over the past week.
Even so, the token remains down more than 3% on the month and about 61% below its July 2025 all-time high.
Just 2 days ago, Ali also said XRP’s SuperTrend indicator turned bullish on the daily chart for the first time since Jan. 17. He wrote that the market is now showing a buy signal after months of selling pressure. Still, he pointed to $1.55 as the main resistance level traders need to watch.
”A clean break and daily close above $1.55 would likely trigger a relief rally,” he said.
He also named the $1.90 zone as the next target if XRP moves through resistance. For now, the token has already tested higher levels, briefly reaching $1.50 before pulling back again.
Moreover, another analyst, Wolverinos, compared XRP’s structure with silver’s earlier chart pattern. He said silver moved sharply higher after breaking out from a multi-year symmetrical triangle, and he argued that XRP may be following a similar path after its own breakout in November 2024.
According to that view, XRP is now trading inside a falling wedge after reaching $3.40 in July 2025. Wolverinos said the token may still be in a second wave before a stronger third wave develops.
Based on that structure, he set an upside target of $8, though that remains a chart-based projection rather than a confirmed market move.
ETF inflows and Solana expansion support market focus
Away from technical charts, XRP has also seen support from fund flows and ecosystem growth. Spot XRP ETFs posted their strongest week in three months last week, bringing in $55.39 million over five trading days, based on SoSoValue data. On April 15 alone, the products recorded $17.11 million in inflows, their best daily result in 10 weeks.
At the same time, the Solana ecosystem launched wrapped XRP, or wXRP, through a partnership involving Hex Trust and LayerZero. The token is backed 1:1 with XRP and is already available across several Solana DeFi platforms, including Jupiter Exchange and Phantom wallet.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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