XRP has spent the last month consolidating within a narrowing trading range, according to crypto analyst Ali Martinez. He believes that the cryptocurrency may be on the verge of a significant breakout as price action compresses toward a crucial level. Martinez shared a 1-hour chart showing XRP forming a symmetrical triangle pattern since late June. The formation is defined by a descending upper trendline, starting from highs near $1.30, and an ascending lower trendline, rising from lows close to $1.04. These lines are converging as XRP trades near $1.1041, leaving little room before the pattern resolves decisively in either direction.