XRP has spent the past few days under sustained selling pressure, reinforcing a broader bearish tone that has dominated the token in recent weeks. Since early February the altcoin has traded in what looks like a consolidation range, but a recent technical take suggests that range could soon resolve to the downside. Analyst Ali Martinez, posting on X, flagged a bearish setup on XRP’s 4-hour chart and warned the coin could fall as much as 30% in the coming weeks. His view centers on a symmetrical triangle pattern — a formation created by a series of lower highs and higher lows that compresses price into a narrowing range. Why the triangle matters: when price exits a symmetrical triangle it often sparks a sharp increase in volatility, as traders pile on in the breakout direction. Martinez says XRP has broken below the triangle’s lower trendline, a development that would point to downside momentum if confirmed. Using the triangle’s height as a guide, he projects a target near $0.93 — roughly 30% below the current level. Important caveats for traders: - Not all breakouts are genuine; many fail and reverse. - Typical confirmation techniques include a retest of the broken trendline or the close of multiple bearish candles beneath it (Martinez cites two bearish closes as a common filter). - Pattern-based targets are theoretical and can shift with broader market dynamics. At the time of reporting, XRP was trading around $1.34, up about 0.6% in the last 24 hours. As always, traders should weigh technical signals alongside macro crypto conditions and risk-management plans before taking positions. Read more AI-generated news on: undefined/news

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