Monthly chart points to an ascending triangle
Cryptocurrency analyst Ali Martinez says XRP’s 1-month price action has been trading inside a long-term ascending triangle on the monthly timeframe.
In the pattern Martinez references, two trendlines form a triangle. One line sits flat at the top, acting like resistance. The other slopes upward, acting like support. Martinez frames it as an ascending triangle, a specific kind of converging channel where the “ascending” comes from the positive slope on the lower boundary.
The practical idea behind this kind of consolidation is simple. As price trades between those boundaries, the range “shrinks” and tends to compress toward the outcome of a boundary break, Martinez’s post implies.
Why $0.90 is the number
Martinez ties the $0.90 level to the lower boundary of that long-running pattern. He argues XRP’s current path could mean a retest of the lower trendline around $0.90.
The logic in the post is anchored to prior behavior inside the same triangle. Martinez points to a prior retest of the triangle’s resistance level last year, followed by rejection downward. Since then, XRP has drawn down enough that the current price sits closer to the lower boundary than the top.
Martinez’s note is direct. “I’m watching $0.90 closely on $XRP,” he wrote. “If price gets there, I think it could offer a compelling long-term buying opportunity.”
If price gets there, I think it could offer a compelling long-term buying opportunity.
That wording matters. This is a scenario built from chart structure, not a guaranteed schedule. Triangle patterns can fail. The desk only takes the claim as what it is, a technical setup with an identified potential retest zone.
What would have to happen next
Martinez’s setup also rests on timing, because the retest depends on how long XRP stays in its current bearish trajectory. The source text is explicit that it remains to be seen whether the decline lasts long enough to reach the $0.90 boundary.
A triangle’s upper resistance and lower support are the decision points. In Martinez’s framing, a move that breaks either boundary can lead to follow-through in the direction of that break.
So the question for readers isn’t “will XRP hit $0.90,” full stop. It’s whether XRP continues to grind down inside the same monthly channel long enough for the lower line to become relevant again.
Related: Martinez also flags Ethereum’s parallel channel
The same analyst adds a separate example from a different chart family. In another X post cited by the source text, Martinez says Ethereum has been trading inside a parallel channel on the weekly timeframe.
According to that post, Ethereum has traveled 75% of the way down the channel, and the next relevant level is marked at $1,096 at the bottom trendline.
The inclusion isn’t about XRP fundamentals. It’s about Martinez’s broader method. He’s using multiple chart structures, triangles for XRP and parallel channels for Ethereum, to define nearby levels that matter to his scenarios.
The facts as reported
| Asset | Timeframe | Pattern cited | Key levels mentioned in source | Current context in source |
|---|---|---|---|---|
| XRP | 1-month | Ascending triangle | Upper resistance not given as a number. Lower support highlighted near $0.90 | Prior resistance retest last year ended in rejection. Price now sits closer to the bottom boundary. |
| XRP | (spot context mentioned) | N/A | $0.90 watch level | Source notes XRP bounced from a low of $1.05 to about $1.15. |
| Ethereum | weekly | Parallel channel | $1,096 bottom trendline | Source says Ethereum is 75% of the way down the channel. |
XRP is an asset with risk. Technical levels from TA posts are hypotheses, not promises.