Just spotted something interesting in the XRP chart that's worth paying attention to. Crypto analyst Ali Martinez flagged a multi-year triangle formation that could signal a major move ahead. According to his analysis, if this pattern holds, we're looking at a potential $13 target from current levels around $1.42 - that's roughly a 644% surge if it plays out.

What's catching my eye is how XRP has been respecting an ascending trendline since 2021. Every bounce has been hitting higher lows, which is exactly the kind of setup that usually precedes a breakout. The near-term resistance sits around $1.45-$1.47, and clearing that could open the door to $1.57 pretty quickly. Even that smaller move would be a solid 10% gain in a matter of weeks if momentum kicks in.

But here's where it gets interesting - the on-chain data is backing up the bull run narrative. Santiment just reported massive XRP outflows from exchanges last week, hitting 34.94 million per day. That's one of the biggest we've seen all year. When whales move coins to cold storage, it usually signals they're not planning to dump. Meanwhile, institutional money is flowing in too. U.S. Spot XRP ETFs are now holding over $1 billion, and April saw more than $75 million flowing into products like the Franklin Templeton offering.

There's also the XRP Las Vegas event coming up late April that could spark some short-term momentum. Plus, everyone's watching the CLARITY Act - if it passes the Senate, that could be a real catalyst for the entire crypto market, XRP included.

The setup is looking pretty solid right now. If you're interested in the technicals or thinking about positions, worth checking out the charts and maybe keeping an eye on XRP on Gate to see how this unfolds.