Breakout Confirmed! XRP Clears Resistance, Expert Sets Next Target

XRP is showing a notable shift in its short-term price structure after spending several sessions trading beneath a descending resistance line. The latest move has pushed the token above that barrier, giving traders a fresh technical level to watch.

His chart places the breakout near $1.40. XRP spent several sessions moving sideways close to the lower boundary of the descending structure before buyers pushed the price above the falling trendline.

The Chart Shows a Clear Breakout

Martinez’s 1-hour chart shows a descending triangle with the upper trendline extending downward from the earlier high of $1.68. A descending triangle is usually a bearish pattern, but it can act as a bullish reversal if the price breaks upward above the sloping resistance line instead of breaking down.

That trendline had contained several attempts to move higher. The latest candles moved above it. Martinez marked the breakout area with an arrow near $1.40, while the chart highlights $1.70 as the next target.

The move is notable because XRP has already shown it could recover strongly from lower levels.

$1.70 Becomes the Next Key Level

Martinez’s latest target sits close to XRP’s recent high. Reaching that level would take the token back toward the previous rally peak.

The chart therefore gives traders a clear reference point. XRP first needs to sustain the breakout above the descending resistance. A continued move higher would then put $1.70 in focus.

Another prominent analyst recently predicted that XRP could hit $2 within the week. The move Martinez outlined could precede that target.

XRP Traders Watch the Next Move

Despite the recent decline, XRP built enough momentum to break out of the triangle. The immediate focus now shifts to whether XRP can build on the confirmed breakout. Holding above the former descending resistance would give the latest move greater technical significance.

Martinez’s chart keeps the outlook centered on price action rather than a long list of future levels. His stated target is $1.70, giving XRP traders a specific level to monitor as the market develops.

For now, the key development is clear. XRP has moved above the resistance shown on Martinez’s 1-hour chart, and the asset must hold its position above the triangle.