XRP (XRP) could revisit the $0.75-$0.80 range before a major breakout, according to analyst Ali Martinez, who identified a nine-year ascending triangle pattern in the token's monthly chart.
XRP Ascending Triangle
Martinez posted on X that XRP has traded inside an ascending triangle since 2017, bouncing between a flat resistance line and a rising support trendline. The token retested resistance in Aug. 2025 but was rejected, and has since drifted lower within the channel.
"Since 2017, the script has remained the same: XRP hits the upper resistance, gets rejected, and retraces to find its floor at the rising trendline," Martinez wrote.
He called the $0.75-$0.80 support zone "the ultimate buy the dip opportunity before the triangle finally reaches its apex."
Ascending triangles are typically considered bullish continuation patterns in technical analysis.
Martinez argued that the longer the consolidation lasts, the more explosive the eventual breakout tends to be. "When a 9-year consolidation finally breaks, the move is usually historic," he said.
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XRP Exchange Activity
The bullish long-term thesis comes against a backdrop of declining short-term participation. On-chain analysts report that XRP trading volume on Binance has fallen to its lowest level since 2025, with the 30-day volume Z-score dropping below -1.
Deposits and withdrawals on Binance over the past month totaled roughly 310,500 and 329,400, respectively. That marks a steep decline from mid-2025, when 30-day transaction volumes regularly exceeded six million XRP.
Meanwhile, real-world use cases continue to build.
At the XRP Tokyo 2026 conference on Apr. 7, Japanese banks presented live pilot data showing XRP settlements were 60% cheaper than SWIFT and completed in under four seconds. Ripple also announced 12 new currency pairs for its On-Demand Liquidity service at the event.
XRP Price Swings
XRP traded near $1.36 at the time of writing, down roughly 64% from its Jul. 2025 peak of $3.65. The token rallied from around $0.50 in mid-2024 to that high before reversing sharply. Exchange reserves have dropped 57% since Oct. 2025, with over two billion tokens pulled off centralized platforms, according to Glassnode data. Despite the tightening supply, persistent selling from underwater holders and broader macro pressure have kept prices subdued.