Heading to $13?…XRP, the Game Changes if 'This Pattern' Breaks Out

▲ Ripple (XRP) ©Dasol Go

An analysis suggests that if XRP (Ripple) breaks out of a multi-year accumulation pattern, it could rise to $13 in the next bull market.

According to crypto media outlet Finbold on April 26 (local time), crypto analyst Ali Martinez stated that XRP is trading within a multi-year triangular consolidation pattern on the long-term chart, a pattern often seen during accumulation phases before a major rally.

Within this structure, XRP has maintained a gradual uptrend in its lows, based on the rising trendline that has continued since 2021. The $0.90 level, in particular, has been a key support line where buying pressure has repeatedly entered, serving as a bear market bottom. The recent price is also supporting this level and continuing its rebound.

On the upside, $3.32 is identified as a major resistance level. This was a point where past rallies stalled, and an analysis suggests that breaking this price level would confirm strong upward momentum and open up room for further gains.

In the long-term outlook, the possibility of reaching $13 by 2028 based on this triangular pattern has been presented. This is a scenario where the current market capitalization of approximately $87.8 billion expands to about $800 billion, assuming the circulating supply remains constant.

However, the short-term trend remains directionally limited. XRP is currently trading around $1.43, receiving support above its 50-day moving average of $1.39, but it remains below its 200-day moving average of $1.85, indicating a coexisting long-term bearish pressure. The Relative Strength Index (RSI) is at 56.37, indicating a neutral zone with no clear signs of overbought or oversold conditions.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*