Coinpaper
February 5, 2026 2:57 PM UTC

XRP Price Eyes 26% Move As Symmetrical Triangle Nears Breakout Zone

XRP price is trading near $1.38 as traders monitor a tightening technical setup on the daily chart. Analyst said XRP is moving inside a symmetrical triangle, with price action narrowing between support and resistance. The pattern places $1.35 as the key support area and $1.45 as the main resistance level. A confirmed daily close outside this range could open the way for a 26% move in either direction. Meanwhile, falling leverage suggests speculative pressure has eased while XRP holds its current range. XRP Price Trades Inside Tight Triangle XRP price has entered a narrow trading range as the daily chart shows lower highs and higher lows. This structure forms a symmetrical triangle, a pattern that often appears before a larger volatility move. According to Martinez, the current setup keeps XRP in a neutral zone until price confirms a breakout. The chart shows XRP trading near $1.374, close to the middle of the key range. Resistance sits near $1.45, while support remains close to $1.35. Martinez warned that trading inside this area can expose market participants to false breakouts, as price can move briefly beyond a level before returning inside the pattern. XRP 1-Day Chart | Source: X Also, the next major signal depends on where XRP closes on the daily chart. A close above $1.45 would confirm strength above resistance and could place the next target near $1.82. That move would match the estimated 26% range drawn from the height of the triangle. However, the same pattern can also break lower. If XRP closes below $1.35, the setup could point toward a decline near $1.00. For this reason, Martinez described the $1.35 to $1.45 range as a no-trade zone until a clearer daily confirmation appears. Leverage Ratio Drops As Price Holds Firm Separate market data shows that XRP’s leverage ratio has fallen sharply from around 0.55 in 2025 to nearly 0.15. The decline suggests that leveraged positions have been reduced across the market. This can lower the risk of forced liquidations and may create a cleaner setup for the next price move. XRP Ledger Leverage Ratio | Source: X At the same time, XRP has not seen a sharp breakdown despite the lower leverage level. The price continues to trade near $1.38, showing that the market is holding steady without heavy speculative positioning. If leverage begins to rise again, renewed activity could add momentum to the next breakout attempt. ETF Flows And May Data Add Market Focus Institutional activity remains part of the broader XRP market discussion. Reports cited XRP spot ETF inflows above $1.29 billion, suggesting continued interest while price consolidates. The expected launch of leveraged XRP ETFs from GraniteShares on May 7 may also bring additional volatility around the token. Historical data has also drawn attention to XRP’s May performance. Over the past 13 years, XRP has averaged gains of more than 23% during May. However, the current chart still requires confirmation, as the symmetrical triangle can resolve in either direction depending on volume and daily closing levels.