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 compressed within $0.0001 Tested gateway 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.

The support level at $1.35 has already been tested. On April 29, the XRP price dropped to around $1.34-$1.35 on the hourly chart before recovering to its current levels. This level held. A support level that has been tested and defended once is more significant than a level that has only been approached. The lowest point on April 29 was the first confirmation that $1.35 is a true support level, not just a theoretical line on the chart. The current price at $1.3867 is $0.0367 above the tested support level and $0.0633 below the resistance level at $1.45. The triangle is approaching closure.