XRP forms symmetrical triangle, 35% breakout coming?

Ripple’s native token ($XRP) has moved sideways for months, and analysts now say the token is trading inside a symmetrical triangle on the daily chart.

This pattern usually forms when price swings get tighter over time, with lower highs and higher lows pushing the market toward a breakout point.

Analyst Ali Martinez, known as Ali Charts on X, said ”$XRP consolidates in a symmetrical triangle, pointing to a potential 35% move.” His view has drawn attention as $XRP holds near $1.40 after gaining nearly 6% over the past week.

Even so, the token remains down more than 3% on the month and about 61% below its July 2025 all-time high.

Just 2 days ago, Ali also said $XRP’s SuperTrend indicator turned bullish on the daily chart for the first time since Jan. 17. He wrote that the market is now showing a buy signal after months of selling pressure. Still, he pointed to $1.55 as the main resistance level traders need to watch.

”A clean break and daily close above $1.55 would likely trigger a relief rally,” he said.

He also named the $1.90 zone as the next target if $XRP moves through resistance. For now, the token has already tested higher levels, briefly reaching $1.50 before pulling back again.

Moreover, another analyst, Wolverinos, compared $XRP’s structure with silver’s earlier chart pattern. He said silver moved sharply higher after breaking out from a multi-year symmetrical triangle, and he argued that $XRP may be following a similar path after its own breakout in November 2024.

According to that view, $XRP is now trading inside a falling wedge after reaching $3.40 in July 2025. Wolverinos said the token may still be in a second wave before a stronger third wave develops.

Based on that structure, he set an upside target of $8, though that remains a chart-based projection rather than a confirmed market move.

ETF inflows and Solana expansion support market focus

Away from technical charts, $XRP has also seen support from fund flows and ecosystem growth. Spot $XRP ETFs posted their strongest week in three months last week, bringing in $55.39 million over five trading days, based on SoSoValue data. On April 15 alone, the products recorded $17.11 million in inflows, their best daily result in 10 weeks.

At the same time, the Solana ecosystem launched wrapped $XRP, or wXRP, through a partnership involving Hex Trust and LayerZero. The token is backed 1:1 with $XRP and is already available across several Solana DeFi platforms, including Jupiter Exchange and Phantom wallet.