The business expert has emphasized that although they are still going on XRP images loss, the stock’s technical setup is pointing to a potential rally of $8.5.
To this end, according to Ali Martinez in X post on April 12, XRP is trading inside an ascending triangle on the monthly charts that it has made in almost nine years.
Since 2017, the economy has been repeatedly rising above horizontal resistance before being rejected and returning to rising trends that serve as major support.
The analysis showed a repetitive cycle, with several touches of the rising support proving its strength. Any resistance in the resistance has led to a sharp decline, strengthening the strong form of power even when combined.
Following the rejection of August 2025, Martinez said that he expects XRP to retest the support area of $0.75 and $0.80, which is consistent with rising trends and can attract buyers. Holding this level protects the triangle shape and facilitates further upward movement.
If the pattern jumps up, the pattern is expected to be $8.5, based on the height of the triangle.
The combination reinforces this view, as long-term trends often lead to short-term moves when they end.
However, the implementation depends on XRP having its biggest support. A sustained drop below $0.75 could disrupt the pattern and delay the breakout.
To this end, XRP relies heavily on market sentiment, considering the crypto currency they do not have a specific resource to control the cost.
XRP is growing rapidly in the network
At the same time, despite the growth in value, the XRP network continues to show strength and expansion.
For example, the XRP Ledger has recorded a significant rise stablecoin work, and the amount of transfers has reached $ 1.77 billion in the last 30 days, which shows an increase of 91.9%.
Some important metrics also rose during this period, with the stablecoin market capitalization rising to $432.26 million, an increase of 7.51%, while the number of owners increased by 7.99% to 56,830, showing the growth of online adoption.
The market is still dominated by RLUSD, which accounts for about 84-85% of all shares, with a value of $336.8 million. Meanwhile, the ecosystem continues to grow, with new stablecoins such as XSGD, EURØP, and USD Coin launching on XRPL in 2025.
The price of XRP
As of press time, XRP was trading at $1.33, down 2.5% in the past 24 hours. During the week, the stock is down by 3%.
As things stand, the support level of XRP is between $1.28 and $1.30, and a break below this level could open the door to $1.15 or lower.
On the other hand, the main obstacle for XRP is between $1.36 and $1.40, while a definite close above $1.40 would indicate a break that could reach $1.60.
