- Ali Martinez outlines a bullish roadmap for XRP with $2.70 support as the foundation.
- A break above $2.90 could confirm strength and set up a rally toward $3.70.
- XRP trades near $2.73 after testing the $2.70 support zone.
Top crypto analyst Ali Martinez has outlined a bullish scenario for XRP today, September 1. In a post on X, Martinez sketched a bullish path for XRP that centers on defending the $2.70 support level, breaking through $2.90 resistance, and ultimately aiming for $3.70.
His accompanying daily chart illustrated XRP consolidating within a descending triangle pattern, with the price compressing between a flat support base and a series of lower highs.
Related: XRP Price Prediction: XRP Struggles Against Descending Resistance
The Main Setup: Ali Martinez Lays Out the Path to $3.70
The setup reflects weeks of pressure as XRP posted lower highs, while buyers continued to defend the $2.70 base. The compression of price near the triangle’s apex suggests a sharp move could be approaching.
What is the key support level?
Notably, XRP opened at $2.7757 and is currently trading at $2.78, down 1.5% in the past day. This current dip has taken its monthly downtime to 6.2%. Furthermore, the token reached a low of $2.7014, testing the support that Martinez identified as the ‘line in the sand’ for bulls.
A decisive close below $2.70 could shift momentum downward. In that case, the next potential target is around $2.48, based on Fibonacci extension levels drawn from the recent swing high.
What is the breakout trigger?
In contrast, if the $2.70 support holds, attention shifts to $2.90. This level aligns closely with the 0.786 Fibonacci retracement at $2.8838 and sits just above the descending trendline. A break above this resistance could validate a reversal and set the stage for higher gains.
The chart highlights intermediate resistance levels at $3.15 and $3.26. If momentum continues, XRP could retest the swing high near $3.66, rounded to $3.70 in Martinez’s outlook.
What’s the Next XRP Move?
Earlier analysis from Martinez also stressed that holding above $2.77 is critical, while a breakdown could force the token toward $2.40.
What is the historical trendline to watch?
Analyst Steph notes that XRP is testing a key ascending trendline near $2.72, which has fueled major rallies in the past. This included gains of 479% in late 2024 and 92% in mid-2025. He warned that XRP needs a rebound at this level to preserve its bullish structure.
Where would a cautious trader re-enter?
Similarly, market commentator Aussie Guy argued that XRP’s current setup resembles a bearish continuation pattern, noting that broader market weakness adds to caution. He said the key level to watch is $2.92, suggesting he would not re-enter the market until XRP breaks decisively above that point.
Based on the pattern, he does not expect significant price action until later in the week. He also pointed to historical moves in Bitcoin and Ethereum, hinting at ongoing developments behind the scenes.
Egrag Still Calling for a Parabolic Rally
Interestingly, analyst Egrag posted a more bullish outlook despite the current volatility. He urged XRP holders to look past short-term declines, describing recent volatility as minor unless key structures break.
Is the current drop just “noise”?
Egrag is sticking to his high-conviction call for a 10x rally, with XRP rising from $2.70 to $27, describing the recent dip as minor “noise” unless key long-term structures are broken.
His outlook is a reminder that while the short-term chart looks precarious, XRP’s long-term technical setup is still considered one of the strongest in the market.
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