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Green SM changes its brand from Xanh SM to Green SM. The Green Smart Mobility and Intelligent Transport Joint Stock Company (GSM) announced the brand change from Xanh SM to Green SM. The change aims to unify brand identity across the entire system and marks the company's three-year operation. In…
A cryptocurrency analyst says XRP may be approaching a long-term support zone that could represent a “buy-the-dip” opportunity, based on a monthly-chart pattern that has been in place since 2017.
In a post on X, analyst Ali Martinez pointed to an “Ascending Triangle” on XRP’s monthly price chart. The pattern is formed when an asset trades between two converging trendlines, with the upper trendline running parallel to the time axis. In technical analysis, the upper line is typically treated as resistance, while the lower line is treated as support, keeping price action contained within the range.
Martinez’s chart shows XRP trading within this structure since 2017. The analyst noted that XRP retested the triangle’s resistance level in August 2025, but was rejected there. Since that retest, XRP has moved down through the channel.
“Since 2017, the script has remained the same: XRP hits the upper resistance (X-axis), gets rejected, and retraces to find its floor at the rising trendline,” Martinez said.
If the pattern repeats, Martinez said XRP could revisit the triangle’s support area between $0.75 and $0.80. He described this zone as the “ultimate ‘buy the dip’ opportunity” before the triangle reaches its apex, adding that the likelihood of a breakout generally increases as price moves closer to the apex.
Martinez said that when a multi-year consolidation pattern breaks, the resulting move is often “historic.” He also noted that ascending triangles are commonly viewed as bullish continuation patterns, suggesting a breakout above the triangle may be more likely.
At the time of writing, XRP was trading around $1.32, down 2% over the last week.
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