An analysis has been raised that if Ripple (XRP) moves according to its long-term chart trend, it could rise by a much larger margin than Bitcoin and Ethereum.

According to the crypto media outlet CoinGape, cryptocurrency analyst Ali Martinez analyzed that a target price exceeding 31 dollars appears on XRP's long-term chart. Compared to the approximately 1.53 dollars shown on his chart, this represents an increase of nearly 2000%.

■ Ascending Triangle, 3.66-Dollar Resistance Level Is Key

Citing Martinez's analysis, CoinGape reported that XRP appears to be forming an 'ascending triangle' on the monthly chart, with a resistance level formed at around 3.66 dollars. According to the chart presented by Martinez, XRP's price has been rising while testing the 3.66-dollar resistance level multiple times.

Martinez stated, "If the monthly closing price exceeds this level, a breakout can be confirmed, and the target price of 31.87 dollars, based on the chart trend, comes into view."

According to CoinGape, assuming a rise from 1.53 dollars to 31.87 dollars on the chart, the price would increase approximately 20.8-fold, equivalent to roughly 1983% in gains. However, CoinGape noted that this outlook is merely an analysis based on chart patterns and does not guarantee that the actual price will reach that level. For this upward trend to materialize, XRP must first break above the 3.66-dollar resistance level presented by Martinez.

■ Comparison with Bitcoin, Ethereum, and Solana

Martinez also compared the long-term chart trends of Bitcoin, Ethereum, and Solana alongside XRP.

According to CoinGape, Martinez analyzed that Bitcoin appears to have been trading within an ascending channel over the past two years. Bitcoin previously rose to about 125,000 dollars, and his analysis suggests that if it breaks above the upper boundary of the channel, it could head toward 190,000 dollars. CoinGape reported that based on a Bitcoin price of around 85,400 dollars, this would represent a gain of approximately 125%.

CoinGape also reported that Ethereum is showing a trend indicating upside potential on its long-term chart. According to Martinez, Ethereum has been forming a single channel on the monthly chart for over five years, and if the price turns back upward from around the 5,000-dollar level, the long-term target price could reach 8,800 dollars. CoinGape explained that if this target is realized, Ethereum's gain could reach approximately 231%.

Solana was analyzed to be forming a 'cup and handle' pattern on the monthly chart. According to CoinGape, Martinez forecast that a neckline is forming at around 295 dollars, and if it breaks through, Solana could rise to as much as 2,744 dollars, which would represent a gain of approximately 2186%.

■ XRP's Gain Around 2000%… Not Larger Than Solana's

The target prices of the four cryptocurrencies introduced by CoinGape all show significant gains compared to current prices. Among them, XRP's projected gain of approximately 2000% is particularly large. This is because while XRP's price was shown as 1.53 dollars on Martinez's chart, its technical target price was indicated at 31.87 dollars. However, CoinGape explained that Solana's projected gain reaches about 2200%, meaning XRP does not show greater upside potential than Solana.

In Martinez's chart analysis relayed by CoinGape, XRP was presented as one of the assets expecting major long-term price movements. Accordingly, it was analyzed that whether XRP breaks through the 3.66-dollar resistance level on the monthly chart will be the key criterion for gauging the potential for a large-scale rally going forward.

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