XRP Price on May 2: $1.38

Relative Strength Index (14): 53.66 faster signal, 52.49 slower signal, both slightly above the midline
Trading ban zone: from support level $1.35 to resistance level $1.45
Triangle breakout target: closing above $1.45 targets $1.82, closing below $1.35 targets $1.00
50MA and 100MA are compressed within $0.0001
Gate tested once
XRP price fluctuates within a symmetrical triangle on the daily chart. According to analyst Ali Martinez, the price is approaching the triangle's apex, where the trend lines converge to determine its direction. An upward triangle suggests a 26% movement potential upon breakout. Martinez refers to the area between the support level of $1.35 and the resistance level of $1.45 as the "trading ban zone": trading within it exposes positions to false price fluctuations before the market's true trend stabilizes.