XRP Descending Triangle Breakout: Analyst Sees $1.40 as Key Level

A technical analyst has identified a descending triangle pattern on XRP's 1-hour chart, which could signal an impending price breakout.

The triangle is defined by a flat support level and a declining upper trendline, with the price compressing between these two boundaries over time.

According to Martinez, the analyst watching this setup, the critical area to watch for is $1.40, which sits just above the triangle's flat base.

A confirmed close above $1.40 would signal a breakout from the pattern, potentially triggering a rally toward $1.46, as shown on the chart.