XRP’s price is decreasing, following a recent downturn in the overall cryptocurrency market. Over the last week, its value has dropped by 6%, causing it to fall below the $1.40 price point.
Even though XRP has recently shown some weakness, market analyst Ali Martinez believes a specific pattern on its 3-day price chart suggests a substantial price increase could be coming.
XRP Key Break Levels
As a crypto investor, I’ve been watching XRP closely, and analyst Martinez recently pointed something out that caught my attention. He says XRP is showing the tightest Bollinger Band squeeze on its 3-day chart in over a year. Basically, this means volatility is really compressed, and historically, that often leads to a big price move – either up or down – once things finally break out. It’s like a coiled spring, and I’m keeping an eye on it to see which way it’ll jump.
Martinez explained that this trading range is effectively a period where he won’t be making any trades. He prefers to observe how the market behaves and identify a clear trend before committing to a position. Rather than taking a chance on a prediction, he’s waiting for confirmation from the price action itself – specifically, how the next few price movements develop.
He’s looking for a clear signal – a candlestick pattern that closes firmly for three days – either breaking above or below the recent trading range, or moving back within it. He’s using the price levels between $1.29 and $1.50, which Martinez identified as the key area to watch for this confirmation.
According to Martinez, if XRP closes above $1.50 for three consecutive days, it suggests the price will likely increase. He predicts a primary target of $1.80, meaning the coin could rise significantly from its current price of $1.37.
As a researcher, I’m watching the price closely. If the price falls below $1.29, it would shift my outlook. According to Martinez, that would suggest the current upward trend isn’t reliable and could lead to a more significant drop, possibly down to around $1.00.
Regulatory Catalyst Ahead
Although chart patterns can suggest short-term price movements for XRP, its future performance may also depend on upcoming legal decisions in the U.S.
As a crypto investor, I’ve been following the progress of the CLARITY Act closely. It recently passed through the Senate Banking Committee with a 15-9 vote on May 14th, and I was happy to see XRP respond well to the news – it actually jumped up to $1.54 after the announcement, according to market expert Sam Daodu.
According to his analysis, a Senate vote in June could increase the chances of the bill being signed into law before the July 4th deadline. If a clear timeframe for the new regulations is established, Daodu believes it could help the token break through recent performance barriers.
The analyst noted a strong resistance level between $1.44 and $1.45, meaning sellers are likely to step in and prevent the price from going higher. If the price manages to rise above this level, it would be a positive sign, potentially leading to a further increase toward $2, confirming an upward trend for the coin.
Featured image created with OpenArt, chart from TradingView.com
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2026-05-19 08:58