A cryptocurrency analyst has pointed out that XRP recently broke below a Symmetrical Triangle pattern, which could set a price target of $1.14.
XRP Breaks Below a Symmetrical Triangle
In a new post on X, analyst Ali Martinez discussed a Symmetrical Triangle that XRP’s daily price may have been trading within before the recent drop. In technical analysis (TA), a Symmetrical Triangle forms when an asset’s price moves between two converging trendlines.
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What makes this pattern different from other triangle patterns is that its trendlines slope toward each other at roughly equal but opposite angles. As the asset trades inside this channel, its price range narrows toward a midpoint. Like other consolidation patterns in TA, the upper line of a Symmetrical Triangle is seen as resistance, and the lower line as support. A break above or below either line can signal that the trend will continue in that direction.
Here’s the chart Martinez shared, showing the Symmetrical Triangle that was forming in XRP’s 1-day price:
As the chart shows, XRP spent a couple of months inside the Symmetrical Triangle. But as the range tightened in May, a breakout finally happened—this time to the downside, as the price fell below the support level. As mentioned earlier, a breakout from a Symmetrical Triangle can signal a continuation of the trend in that direction. So, breaking below support is a bearish sign.
From the chart, it looks like the pattern has held true for XRP so far, with bearish price action continuing since the support level gave way. Based on this trend, the analyst set a target of $1.14 for the cryptocurrency. It remains to be seen whether XRP will move toward that level or reverse course.
This Symmetrical Triangle Martinez shared was a short-term pattern. In another recent X post, the analyst highlighted a long-term channel that XRP’s monthly price may have been stuck inside for years.
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That pattern is a Parallel Channel, which, as the name suggests, involves two trendlines that run parallel to each other. As the chart below shows, XRP tested the resistance level of this channel in 2025 but was rejected. The cryptocurrency has been declining since that reversal. “If $XRP continues respecting this parallel channel, the mid-range near $0.73 could become an attractive accumulation zone,” Martinez noted.
XRP Price
At the time of writing, XRP is trading around $1.23, down nearly 8% over the past seven days.
Featured image from Dall-E, chart from TradingView.com
Frequently Asked Questions
Here is a list of FAQs about XRP breaking below the triangle pattern and the potential decline to 114 written in a natural conversational tone with clear and simple answers
BeginnerLevel Questions
1 What is a triangle pattern in crypto trading
A triangle pattern is a chart shape that forms when the price of an asset makes smaller and smaller moves usually between two converging trendlines When the price breaks out of this patternup or downit often signals a big move in that direction
2 So XRP just broke below the triangle What does that mean
It means the price has fallen out of that tightening range In technical analysis a break below a triangle is usually seen as a bearish signalmeaning traders expect the price to keep falling
3 Why is everyone talking about the 114 level
114 is a key support level from past price action If XRP falls to that price its a round number that many traders watch closely If it breaks below 114 the next major support could be even lower
4 Does this mean XRP is definitely going to 114
No its not guaranteed Technical patterns suggest a possible move to that level but the market can change quickly due to news regulations or big buy orders Its a prediction not a promise
5 Should I sell my XRP right now
Thats a personal decision based on your risk tolerance and investment goals The pattern suggests a bearish outlook but you should never make a trade based on one indicator alone Consider your overall strategy or consult a financial advisor
IntermediateLevel Questions
6 How reliable are triangle pattern breakouts for predicting price moves
They are moderately reliable especially on higher timeframes However they are not foolproof False breakouts happen often so its smart to wait for a confirmed close below the triangle before acting
7 Whats the difference between a breakdown and a breakout here
A