XRP's Triangle Romance: Analyst Eyes $31.87 Target, Roughly 1,983% Above the Ask 💎

Analyst Ali Martinez said $XRP is shaping an ascending triangle on its monthly chart, with resistance near $3.66, and that a confirmed monthly close above that level would put a pattern-projected target of $31.87 into view. The move implied by the chart, from a base of about $1.53 to $31.87, would represent a factor of roughly 20.8, or about 1,983% — a percentage gain Martinez said would outpace the structures he sees forming in $BTC, $ETH and $SOL.

Martinez framed the setup in a post on X dated October 2, 2026, writing that "$XRP appears to be forming an ascending triangle on its monthly chart, with resistance near $3.66. A monthly close above that level would confirm the breakout and bring the pattern's projected target near $31.87 into view." He added that the projection is derived from the technical structure of the chart and does not guarantee a price outcome, with $XRP still required to overcome the $3.66 resistance level on a monthly basis first.

The $XRP chart referenced by Martinez has trended upward through several tests of the $3.66 area, which he described as a confirming trigger if reclaimed and held at the close of any monthly candle. From that breakout point, the measured move of the pattern extends toward $31.87, a level not previously traded by $XRP and well above its long-standing ranges. Until that monthly close is secured, the pattern remains a technical setup rather than an activated signal.

In the same thread, Martinez compared long-term structures across major assets. For $BTC, he wrote that Bitcoin "appears to have traded within a rising channel for the past two years," describing a different, range-bound posture relative to the $XRP pattern. The comparison extended to $ETH and $SOL, where he outlined his own chart reads rather than a shared setup. The figures cited — $3.66 resistance, the $1.53 chart base, the $31.87 measured target, and the roughly 1,983% implied move — are drawn directly from Martinez's chart and post.