XRP Primed For 26% Price Move But Direction Unknown – Analyst

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Market expert Ali Martinez shared a crucial analysis, indicating that XRP is preparing for a major price breakout, but the swing direction remains unclear. Similar to the broader crypto market, the altcoin posted net gains in April, rising 5%. While a mini-consolidation appears to have set in, Martinez draws attention to a larger picture showing a price momentum that commenced two months ago. Related Reading If You Hold XRP, Then You Should Be Paying Attention To These Major Developments 22 hours ago XRP Symmetrical Triangle Nears End, But What Next? The Symmetrical Triangle is a common chart pattern depicted by two converging trendlines, i.e., descending resistance and ascending support, indicating price compression before a potential breakout. According to Martinez, in a May 1 post , XRP is consolidating within an established symmetrical triangle with origins dating back to around February. $XRP is getting ready for a breakout! XRP is currently consolidating within a well-defined symmetrical triangle on the daily chart. As the price moves closer to the apex, market energy is coiling, signaling that a significant shift in volatility is approaching. By measuring the… pic.twitter.com/77YTlE5Y5t — Ali Charts (@alicharts) May 2, 2026 Recent actions and projections show that XRP is nearing the apex of this formation, with each price move adding to compressed price momentum. From the height of the symmetrical triangle, Martinez has also deduced that the resulting price move would be 26%. However, the Symmetrical Triangles are neutral formations with potential to yield a bullish or bearish outcome. Therefore, the analyst warns against trading within the triangle, which ranges from $1.35 support to $1.45 resistance, as it is particularly dangerous due to the high risk of fakeouts. Investors and market participants are advised to wait for a decisive daily close outside the chart formation. In this regard, a close above the $1.45 would confirm bullish intentions, opening the path to the $1.82 price target. Meanwhile, a close below $1.35 would signal that bearish sentiment remains dominant, with prices likely to head to $1.00. Related Reading Ethereum Pullback Sparks $1B Buying Frenzy Despite Hawkish Fed Warning on Inflation — What Changed? 1 day ago XRP ETF Inflows Close April With Minor $35,000 Loss In other news, data from SoSoValue shows the XRP ETFs registered an uneventful performance as April came to an end. Early inflows of $5.79 million were almost entirely erased by $5.83 million in outflows, leaving a modest net withdrawal of $35,000. This slight downturn snapped the three-week inflow streak seen earlier in the month, which had totaled a combined $82.88 million. According to SoSoValue, the cumulative net inflow into the XRP ETFs is $1.29 billion, while total net assets are $1.06 billion. Meanwhile, the spot market price is trading at $1.38, up 0.95% over the last 24 hours. According to Ali Martinez’s analysis, the short-term price direction remains largely unknown, awaiting a key signal from the symmetrical triangle completion. XRP trading at $1.3847 on the daily chart | Source: XRPUSDT chart on Tradingview.com Featured image from iStock, chart from Tradingview