The XRP price is reaching a key technical point, and the charts are showing that a breakout from the triangle pattern could push the price up to $3.60. Analyst Ali Martinez highlighted the setup, noting that the descending resistance line compressing XRP since August is now within reach.
The token is trading at $2.98, up from September’s $2.71 low. For the past two months, the price has been following two clear boundaries: a descending upper trendline and horizontal support in the $2.70-$2.80 range. That has led to the classic conditions for a triangle breakout.
If XRP can get past the resistance, it looks like it could reach about $3.60. This level also lines up with the 0.236 Fibonacci extension zone, which makes it the next major test. If it goes above $3.60, the chart opens up toward $3.85–$4.00 per XRP, which is the consolidation zone from early summer.
Worst case scenario
Failure to clear resistance could lead to a rejection and a return to the lower boundary at $2.70. Losing that support would invalidate the bullish structure and expose downside targets at $2.50 and $2.30.
Things are looking up for XRP in October, which is usually a strong month for the altcoin. Volatility is compressing, so the breakout direction will likely dictate short-term sentiment. If it moves through the $3.10-$3.20 resistance, that will be the first sign that the $3.60 goal is in play.
The next leg of the price action will depend on the bullish project XRP confirms or stalls.