Why XRP is set for a 26% move as key buying zone emerges

As XRP continues to face increased consolidation, technical indicators suggest that the asset is approaching a critical setup that could trigger a sharp price move. In this context, the consolidation is occurring within a symmetrical triangle pattern that shows XRP compressing between descending resistance around $1.45 and rising support near $1.35. According to insights shared by prominent analyst Ali Martinez in an X post on May 2, XRP’s narrowing price action suggests volatility is tightening as the token approaches the apex of a symmetrical triangle formation, a setup that often precedes a decisive breakout. XRP price analysis chart. Source: Ali Martinez Based on the triangle’s height, the analyst projects a potential 26% move in either direction. Martinez noted that a daily close above the $1.45 resistance level could push XRP toward $1.82, while a breakdown below the $1.35 support zone may trigger a decline toward $1. The analyst also highlighted the $1.35 to $1.45 range as a key consolidation zone where traders risk getting caught in false breakouts. XRP price testing long-term support A similar outlook was shared by pseudonymous analyst Batman , who said XRP is testing a long-standing ascending support trendline that has held since early February. XRP price analysis chart. Source: TradingView The analyst identified the $1.36 region as a make-or-break zone, with a rebound potentially driving the token toward the $1.45 to $1.50 resistance range. However, failure to hold support could trigger a sharper decline toward $1.20 or lower, reinforcing bearish continuation signals. Overall, XRP’s near-term outlook remains closely tied to its technical setup and broader cryptocurrency market sentiment, with the asset lacking major network-specific catalysts in recent sessions. XRP price analysis By press time, XRP was trading at $1.39, up about 0.7% in the past 24 hours, while remaining down more than 3% on the weekly chart. XRP seven-day price chart. Source: Finbold At the current valuation, XRP’s technical indicators point to a cautious near-term outlook. The token is sitting exactly at its 50-day simple moving average ( SMA ) of $1.39, suggesting that price momentum is currently balanced between buyers and sellers in the short term. However, XRP remains well below its 200-day SMA of $1.81, indicating that the broader long-term trend is still under pressure and that bullish momentum has yet to fully recover. Meanwhile, the 14-day Relative Strength Index ( RSI ) stands at 44.07, placing XRP in neutral territory. This signals that the asset is neither overbought nor oversold. The post Why XRP is set for a 26% move as key buying zone emerges appeared first on Finbold .