XRP’s $31.87 Target Is a $2 Trillion Market Bet

Ali Martinez said XRP price could reach $31.87, a 1,983% rise from $1.53, if the token closes a month above $3.66. He posted that map on October 2 under Ali Charts (@alicharts), lining XRP up against Bitcoin, Ethereum, and Solana.

Copied posts treat the XRP slide as an outperform call versus Bitcoin and ether. The $31.87 figure is a market-cap event, and it does not start until the monthly candle clears last cycle’s high.

Martinez Ties the 1,983% Call to a Close Above $3.66

Martinez, a chart and on-chain analyst with more than 167,000 followers on X, opened a six-part thread titled “PREDICTION: BULL MARKET TARGETS” at 08:59 UTC on October 2. Slide four was XRP. He said the token “appears to be forming an ascending triangle on its monthly chart, with resistance near $3.66.”

A monthly close above that level would confirm the breakout and bring the pattern’s projected target near $31.87 into view.

Ali Martinez, Ali Charts, on X, October 2, 2026

That is the whole trigger. He did not say XRP is already in a 1,983% run. He said a monthly close above $3.66 would confirm the breakout and bring $31.87 into view. On the chart he used, XRP sat near $1.53. A move from $1.53 to $31.87 is a factor of 20.83, or 1,983%.

4/6 $XRP appears to be forming an ascending triangle on its monthly chart, with resistance near $3.66.

A monthly close above that level would confirm the breakout and bring the pattern’s projected target near $31.87 into view. pic.twitter.com/26cqEieeUo

— Ali Charts (@alicharts) October 2, 2026

The last card in the same thread walks the claim back to a condition. “These are potential cycle targets, but each depends on a breakout first,” he wrote. He then posted about NVIDIA later that afternoon and did not revise the XRP levels.

Last Year’s High Still Caps the Monthly Chart

The $3.66 line is not an abstract round number. CoinGecko’s all-time high for XRP is $3.65, printed in July 2025, and Martinez’s resistance sits one cent above that high. On October 3 the token changed hands at $1.48, which CoinGecko logs as 59.3% below $3.65, with a 24-hour range of $1.45 to $1.55.

From $1.48, a run to $3.66 is 147% before the measured move even starts. From the $1.53 print on his October 2 chart, the same gate is 139%. Holders who bought the 2025 peak are still waiting to get even, so $3.66 reads as a ceiling they already failed, not as a fresh launchpad.

That is why the outperform headline travels farther than the chart. It prices a 20-times jump from a depressed spot and skips the fact that XRP must first recapture last year’s high on a monthly close, a close Martinez says has not been confirmed.

$2 Trillion Hides Inside the $31.87 Target

Percentage moves on a large float are a different animal from percentage moves on a scarce one. CoinGecko lists a circulating supply of 63.093 billion XRP against a hard cap of 100 billion. The XRP Ledger documents say the native token is capped at 100 billion XRP, and the protocol’s own checks forbid creating more.

Ripple locked 55 billion XRP into on-ledger escrows in 2017, with a stated monthly release of up to one billion, leftover coins rolled into later escrows. Years of those releases are why circulation now sits at 63.093 billion. At $1.48, CoinGecko values that float at $93.629 billion, rank five, with a fully diluted value of $148.377 billion.

XRP AT MARTINEZ’S LEVELS

• Live tape: $1.48 on October 3, market cap $93.629 billion.
• The gate: $3.66, a 147% rise from $1.48, for a $231 billion float.
• The target: $31.87 on 63.093 billion coins, a $2.01 trillion cap.
• Fully diluted: $3.19 trillion if the 100 billion cap were priced at $31.87.

The first question that target invites is not whether the triangle looks clean. It is what 63.093 billion tokens would be worth if the print ever landed. At $31.87 the circulating cap is $2.01 trillion, which is larger than Bitcoin’s $1.70 trillion market cap on October 3.

A $2.01 trillion XRP would still trail Bitcoin at Martinez’s $190,000 cycle target, which on 20.09 million coins is about $3.82 trillion. It would outrun ether at $8,800 (about $1.07 trillion on roughly 122 million ether) and Solana at $2,744 ($1.61 trillion on 588.15 million SOL). The 1,983% headline is a small-price story. The cap is a Bitcoin-scale bid for a token that is already the fifth-largest coin.

Bitcoin Still Has to Beat $125,000 First

Martinez did not isolate XRP. He mapped four monthly structures and put a gate in front of each target. Bitcoin, he wrote, “appears to have traded within a rising channel for the past two years.” The first test is its previous high near $125,000. A break there, he said, could put the channel’s upper boundary near $190,000 in focus as a cycle target.

Bitcoin’s record close sits a little above that round number, at $126,080 on October 6, 2025. From the $85,400 level used in the same comparison, $190,000 is a 122% rise, not a 20-times jump. Ether’s monthly chart, he said, shows a channel stretching back more than five years, with the upper boundary near $5,000 and a projected move toward $8,800, a 231% rise in that comparison.

FOUR GATES ON THE OCTOBER 2 MAP

On October 3 Bitcoin traded near $84,600 with a $1.70 trillion cap, ether near $2,680 with a $327 billion cap, and Solana near $119 with a $70.2 billion cap. Those spots sit well below every gate. The ranking of the four percentage targets is a function of how far each coin sits under its last-cycle high, not a forecast of which bid is likelier to fill.

Solana’s Pattern Projects a Larger Percentage Move

The outperform-Bitcoin-and-ethereum framing also leaves Solana off the poster. Martinez said Solana’s monthly chart “appears to be forming a cup and handle,” with the neckline near $295. A monthly close above that neckline, he wrote, would strengthen the bullish case, with the pattern projecting a potential target near $2,744.

From about $120, $2,744 is a 2,186% rise, which is larger than XRP’s 1,983% from $1.53. The $295 neckline sits on Solana’s old high, the same way $3.66 sits on XRP’s $3.65 peak. Both coins need a roughly 147% climb from October 3 spots just to confirm their patterns. Solana’s confirmation still leaves a smaller dollar cap at target ($1.61 trillion) than XRP’s $2.01 trillion, because 588.15 million SOL is a tighter float than 63.093 billion XRP.

If the thread is read as a percentage race, Solana wins it on Martinez’s own numbers. If it is read as a dollar race at target, Bitcoin at $190,000 still sits on top, with XRP in second and Solana in third. The copied XRP headline wins a third contest, the one that fits in a post, because $1.53 to $31.87 looks like a lottery ticket and $85,400 to $190,000 does not.

How the Triangle Measures a Move to $31.87

An ascending triangle is a rising support line under a flat resistance line. Traders treat a break of the flat line as the signal, and they often set a target by taking the height of the triangle at its thickest point and adding it to the breakout. Martinez’s $31.87 print is that kind of measured move, and it is only in play after a monthly close above $3.66.

In September he had already drawn the same monthly triangle and listed $31.87 as one step on a longer ladder that also marked $9.49, $15.60, and $57.40, with a full objective nearer $60. The October 2 thread picked $31.87 as the projected target in view once $3.66 gives way. Both maps share the same gate. Neither is a clock.

WHAT HAS TO HAPPEN BEFORE $31.87 IS IN PLAY

• The close: A monthly candle has to finish above $3.66, not just wick through it.
• The retest: That line then has to hold as support, or the breakout is just another failed high.
• The height: The target is the triangle’s thickest part added to the breakout, which is how $31.87 is built.
• The volume: A break on thin volume is the classic warning that price can slip back inside the pattern.

Cory Mitchell, who wrote the standard primer on the pattern, notes that the profit target is an estimate and that false breakouts are the main failure mode. Price can pop through the flat line, fail to attract buyers, and fall back, which forces the triangle to be redrawn. A monthly close is a slower filter than a five-minute spike, which is why Martinez put the confirmation on the monthly candle rather than on an intraday poke at $3.66.

Each Target Still Depends on a Breakout First

XRP does not have to “outperform” Bitcoin for $3.66 to matter. It has to close a month above a high it already printed in July 2025 and then lost. Until that close, $31.87 is geometry on a chart, and the 1,983% figure is the distance between a $1.53 base and a measured-move line, not a ranking of which coin is working.

WHAT WE KNOW

• The call: Martinez’s October 2 target for XRP is $31.87 after a monthly close above $3.66.
• The float: 63.093 billion XRP in circulation, 100 billion cap, $2.01 trillion at $31.87.
• The peer map: Bitcoin $190,000, ether $8,800, Solana $2,744, each behind its own gate.

WHAT IS UNCONFIRMED

• The close: No monthly close above $3.66 has been confirmed on his terms.
• The fill: Chart targets are estimates; the move can stall, overshoot, or never start.
• The race: Solana’s 2,186% projection is larger in percent; Bitcoin’s $3.82 trillion target is larger in dollars.

On October 3, XRP was still a $1.48 token with a $93.629 billion cap, 59.3% below the high that would even start Martinez’s count. The monthly candle has to finish above $3.66 before $31.87 is more than a line on a chart.

Disclaimer: This piece is news reporting and analysis of public chart commentary, and it is informational only. It is not investment advice, a recommendation to buy or sell XRP, Bitcoin, ether, or Solana, or a forecast that any target will be reached. Readers should consult a qualified financial adviser before making any investment decision. Figures and statuses reflect the cited market pages and posts from October 2 and 3, 2026, and those numbers can change.