Technical Analyst predicts XRP will rise to $1.31 before its next move.

Market Context

Crypto markets are volatile, and XRP frequently rewards patient analysis. Traders are eyeing short‑term charts for key support near $1.31. Analyst Maxi highlighted a descending triangle on the 4‑hour chart, suggesting a brief dip before a breakout.

Pattern Dynamics

A descending triangle forms when lower highs converge on a flat support line, here $1.31. This shape indicates consolidation as selling pressure eases and buyers absorb supply. Historically, XRP has surged from similar formations when broader market conditions align.

Breakout Outlook

If XRP sustains above $1.31 and exits the triangle, a medium‑term target of around $70 is projected. The forecast blends past retracement behavior with XRP’s role in cross‑border payments. Ongoing institutional adoption of Ripple’s liquidity tools adds momentum to a potential breakout.

Trader Implications

$1.31 offers a strategic entry and risk‑management level for traders. Combining technical patterns with fundamental trends improves trade odds. This analysis is informational only and not financial advice; readers should conduct their own research.