XRP is targeting $2 if it completes a bullish chart pattern, according to crypto analyst Ali Martinez.
Martinez says XRP is forming an inverse head-and-shoulders pattern on the daily chart. The key level to watch is around $1.55, known as the neckline.
A break above $1.55 confirms the pattern and sets up a 35% rise toward $2. Martinez also sees room for XRP to move higher.
At the time of the cited CoinMarketCap data, XRP was trading around $1.31, up 1.75% for the day. It was still down 0.35% over the past week but had gained about 30% over the past month.
$1.55 Is the Key XRP Level
Martinez’s chart shows XRP forming an inverse head-and-shoulders pattern, with the right shoulder still developing. The key level is $1.55, which has acted as a major resistance level before. XRP needs to break above $1.55 for the pattern to be confirmed.
Martinez expects XRP to first move toward $1.55, followed by moves to $1.70, $1.90, and eventually around $2.10. From the cited price of $1.31, reaching $2 represents about a 53% increase. Martinez’s 35% gain is calculated from the $1.55 breakout level to around $2.09.
XRP TARGETS $2
On the daily chart, $XRP appears to be forming the right shoulder of an inverse head-and-shoulders pattern.
If the setup continues to develop, I’m watching for a move toward the neckline near $1.55.
That’s the key level.
A confirmed breakout above $1.55 could… pic.twitter.com/HQfEkWiDoj
— Ali Charts (@alicharts) September 18, 2026
ChartNerd Watches $1.33 Support
Meanwhile, another analyst, ChartNerd, is also watching XRP’s current price area. ChartNerd says XRP bounced after touching its 20-week moving average and returned to the middle of its price channel and the previous $1.33–$1.36 support zone.
This area is important because it becomes resistance if XRP fails to move back above it.
If XRP fails to reclaim $1.33–$1.36, the next challenge is the downward resistance line. For now, XRP is at an important level, trading just below the previous $1.33–$1.36 range.
Martinez Previously Watched $1.38
Five days earlier, Martinez pointed to another bullish setup while XRP was trading around $1.31–$1.35. He said XRP would continue moving within a triangle pattern as long as the $1.31–$1.35 support zone held.
He identified $1.38 as the key breakout level. A strong move above $1.38 would push XRP toward $1.60. His latest analysis now focuses on the higher $1.55 level, showing XRP has several levels to break before moving toward $2.
The main levels to watch are:
- $1.31–$1.35: Immediate support zone
- $1.38: Near-term breakout level
- $1.55: Key neckline for the larger pattern
According to Martinez’s analysis, breaking above $1.55 opens the way toward $2.