As the market continues to recover, analyst Ali Martinez has mentioned three coins that could break out this week,
XRP, Quant (QNT), and Injective (INJ): Notably, the three assets show different bullish structures, with XRP testing a major triangle breakout level, Quant attempting to extend a historic monthly rally, and Injective retesting a cup and handle pattern.
XRP Moves Above Descending Triangle
XRP has moved above a key four-hour descending resistance line, with the next test being whether price can hold the breakout and turn former resistance into support.
Chart data shows that XRP entered the descending triangle after falling from $1.6569 on Sept. 23. The pattern developed as the price continued to move lower, with XRP making two attempts to break above its upper resistance trendline.
The first attempt came on Sept. 25, when XRP climbed to $1.6288. However, resistance at this level stopped the move and sent the price lower. XRP later recovered and made another attempt, reaching $1.5533 on Oct. 2, but the resistance again forced a pullback.
The next recovery pushed XRP back toward the upper resistance line. The price reached $1.49 on Oct. 4 and then broke above the trendline, taking XRP out of the multi-week descending triangle. XRP has since moved above $1.50 and currently trades at $1.5036.
A pullback could now send XRP back to test the breakout level. The key point is whether XRP can hold $1.50 as support during that retest. If the level holds, the next target could come at $1.62.
Quant Looks to Extend Its Huge September Gain
Quant also enters the week after a very strong September. Notably, QNT jumped 369% last month, rising from $61.21 to $286.84. The move marked Quant’s strongest monthly gain on record, beating the previous 301% gain from June 2019.
QNT has, however, started to give back some of those gains in October. The token is down 10.7% this month and currently trades at $256. The recent decline leaves the market watching to see whether Quant can regain its upward momentum.
The $262 level is now the important level on the chart. An hourly close above $262 would confirm the breakout setup and could put $315 in focus. If the move continues, the next target would be $344.
Injective Retests Key $7.33 Level
Injective has also produced a bullish setup after appearing to break out of a cup-and-handle pattern. INJ is now retesting the neckline near $7.33, making that level important for the next move.
The cup started forming after Injective fell from $7.9 in November 2025. This decline continued until INJ reached $2.7 in April 2026. The token then recovered and climbed to $7.2 by June 2026, completing the cup.
Meanwhile, the handle formed as INJ fell from the $7.2 high to lows around $3.9. The token then recovered and reached its current price of $7.5. The latest move has brought INJ back toward the $7.33 neckline after the apparent breakout.
Buyers now need to defend $7.33 for the bullish setup to remain intact. If they hold the level and buying momentum increases, the pattern suggests a potential target of $13.40.
Be the first to comment