Crypto analyst Ali Martinez, known as Ali Charts, has outlined a long-term technical setup on XRP's monthly chart that could see the token reach $48 during the next major bull cycle. In a recent X post, Martinez pointed to a multi-year triangle formation that has been consolidating price action since 2014.
Key Resistance at $3.32 Defines the Structure
The chart shared by Martinez shows a diagonal support trendline that has been ascending for years, with XRP repeatedly bouncing from it to form higher lows. Meanwhile, the $3.32 level has acted as a horizontal resistance cap, rejecting multiple rallies. A confirmed breakout above this zone would validate the triangle's bullish resolution. Based on the pattern's height measurement, Martinez projects a potential target near $48.
Inside the triangle, the analyst also flagged $0.90, $1.38, and $1.60 as key consolidation levels. These areas historically saw increased trading activity during uncertainty, acting as support or resistance depending on the price trajectory.
Decade-Long Pattern Suggests Breakout Potential
Multi-year triangle patterns often capture the cumulative effect of multiple market cycles. In XRP's case, the structure spans nearly a decade. The rising support line indicates buyers have been willing to enter at progressively higher prices, while the horizontal resistance demonstrates persistent selling pressure at the same level. As the pattern narrows toward its apex, volatility typically contracts before expanding sharply upon a breakout.
Martinez's analysis is purely technical and does not account for regulatory or fundamental developments. XRP currently remains within the triangle, making the $3.32 resistance the critical level to watch for confirmation of the bullish thesis.