Cryptocurrency analyst Ali Martinez (@ali_charts) is highlighting an emerging technical formation for XRP that has caught the attention of traders, as the token’s price undergoes nearly two weeks of compression.
A distinct triangle pattern has taken shape on the 4-hour chart, characterized by progressively lower highs while the price maintains a steady horizontal support line around $1.48.
With the formation narrowing significantly, the asset is now changing hands near $1.4996 as it nears the tip of the structure.
XRP INCHES CLOSER TO A BIG MOVE
Whales have remained relatively sidelined over the past week, with no significant change in their $XRP holdings.
Meanwhile, XRP continues to consolidate inside a triangle. As price moves closer to the apex, a bigger move could be approaching.
A… https://t.co/OIBRa8Efk5 pic.twitter.com/TsVqgr3tJG
— Ali Charts (@alicharts) October 4, 2026
What the Chart Shows
Posting the 4-hour chart on X, Martinez pointed out that XRP is moving within a descending triangle that started taking shape around September 25. The upper trendline angles downward from a peak close to $1.62, whereas the lower boundary remains flat near $1.48.
The cryptocurrency has tested this support level repeatedly without slipping underneath it. At the time of the chart’s publication, XRP stood at $1.4996.
This dynamic points to an extended consolidation phase. Each subsequent bounce has resulted in a lower high due to consistent overhead selling, though buyers consistently step in to defend the $1.48 zone and preserve the price floor.
The Level Martinez Is Watching
Martinez highlighted $1.53 as the critical threshold to keep an eye on. “A 4-hour close above $1.53 could confirm a bullish breakout,” he stated, “and open the door to $1.62.” This $1.62 objective corresponds with the starting point of the descending upper trendline, positioning it as an important technical landmark.
The gap between the current market price and $1.53 is narrow. Securing a confirmed 4-hour close above that barrier would break the triangle’s resistance and potentially indicate a change in near-term momentum.
Whale Activity Remains Quiet
Additionally, Martinez addressed the actions of large investors in his update. “Whales have remained relatively sidelined,” he observed, pointing to a lack of notable shifts in their XRP balances. While large-holder activity frequently influences the XRP ecosystem, sitting out during consolidation periods is a standard occurrence that often precedes a renewed sense of market direction.
What Comes Next?
XRP is rapidly nearing the conclusion of the triangle pattern, as price action cannot squeeze within the boundaries forever. Based on Martinez’s evaluation, the cryptocurrency’s upcoming directional move depends on whether buyers can secure a 4-hour candle close above $1.53, which would set sights on the $1.62 target.