The cryptocurrency XRP could appreciate significantly after breaking out of a descending triangle technical pattern, according to analysis by Ali Martinez. Recent movement suggests the asset could reach the $3,60 range in the coming days—and, if it maintains this momentum, approach its all-time high of $3,65.
In the last 24 hours, XRP has risen 3,5%, trading at $3,16. This technical breakout indicates that buyers have regained control of the market, with the potential to attract new investors as momentum strengthens.
"Breaking the upper boundary of the triangle could quickly accelerate momentum," Martinez commented. The $3,60 zone serves as an immediate target, representing a significant recovery from the consolidation period. Surpassing this level would put XRP just steps away from its all-time high.
If $ Xrp breaks out of this descending triangle, the next target is $3.60. pic.twitter.com/KdRlXLbog0
— Ali (@ali_charts) September 9, 2025
Another factor reinforcing the expectation of appreciation is the return of the cryptocurrency XRP to the Bloomberg Galaxy Crypto Index (BGCI), where it now occupies the third-largest position by weight. This reinclusion signals an institutional revaluation of the asset, increasing its visibility among managers and funds that track benchmark indices.
With this combination of a technical breakout and recovery of ground in key benchmarks, analysts are closely monitoring XRP's next moves. The expectation is that XRP could appreciate further if current support holds and buying volume continues to increase.
The market is also monitoring regulatory developments involving XRP, although the asset maintains its positive trajectory despite legal uncertainty. The combination of technical fundamentals and institutional visibility reignites interest in crypto amid the overall sector recovery.