Crypto analyst Ali Martinez has identified what he describes as a best-case technical setup forming on the XRP chart: a right-angled ascending broadening wedge. According to Martinez, this structure, typically characterized by higher highs and a flat or near-flat support line, could signal an explosive upside move if XRP maintains its crucial support level.
His accompanying chart illustrates XRP repeatedly testing the rising resistance trendline while hovering just above the $2.00 area. The broader structure spans multiple months and suggests increasing volatility as the pattern matures.
$2 Becomes the Make-or-Break Level
Martinez emphasized that everything hinges on one key factor: whether the $2 support holds. In his view, the integrity of that level determines the direction of the next major move.
In the chart shared by the analyst, XRP’s price action shows repeated bounces off the $2 threshold before a sharp dotted projection that envisions a strong breakout in early 2026, potentially pushing above $4.50 and accelerating toward higher targets.
Best case: $XRP is shaping a right-angled ascending broadening wedge.
But it all comes down to whether the $2 support holds. pic.twitter.com/X9sKAXByqG
— Ali (@ali_charts) November 24, 2025
But the bullish scenario disappears entirely if the $2 floor collapses. The chart suggests that if XRP sustains this support and recovers from the recent compression in volatility, a bullish continuation pattern could develop.
Martinez’s visual projection outlines a path where XRP first revisits the upper trendline, facing resistance near $4.00 to $4.50 before entering a steeper rally phase. However, a breakdown from this wedge would invalidate the structure and expose XRP to further downside pressure.
Market Reaction: Traders Split, But Hopeful
One notable reaction came from an X user named Rose, who echoed the importance of the $2 level. According to her, XRP’s current behavior aligns with a classic shakeout phase inside a wedge structure. Rose observed that volume has “shrunk cleanly” while price remains “firmly stuck” on the $2 line for several days.
To her, this points to consolidation rather than weakness. She believes that if XRP maintains this level and shows a strong bullish candle on lower timeframes, particularly the 4-hour chart, a breakout could quickly materialize.
Rose laid out two possible outcomes depending on whether the support holds. If XRP maintains the $2 zone, she expects a rapid move toward $3.5 to $4.00. If the level fails, she predicts a pullback no deeper than the $1.60–$1.70 region before the next rebound.
She also noted she has already filled 70% of her position and is awaiting confirmation for a decisive move, describing the current market setup as “thrilling” and high-risk but potentially high-reward.
Outlook
Both Martinez’s chart and community traders highlight the same conclusion: the $2 region is the most critical pivot point for XRP in the short to medium term. If it holds, the wedge formation could fuel one of the strongest upward moves XRP has seen in years. If it fails, the market may face one last shakeout before any attempt at recovery.
For now, all eyes remain on whether XRP can defend its major support and deliver the confirmation bulls are waiting for.