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

▲ Ripple (XRP) ©Godasol

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 analyzed that XRP is trading within a multi-year triangular convergence structure formed on its long-term chart, a pattern often seen in accumulation phases before a major rally.

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

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

In the long-term outlook, the possibility of reaching $13 by 2028 is presented based on this triangular pattern. This scenario assumes an expansion of the current market capitalization from approximately $87.8 billion to about $800 billion, with the assumption that the circulating supply remains constant.

However, the short-term trend remains directionally limited. XRP is currently trading around $1.43 and is supported above its 50-day moving average of $1.39, but it remains below its 200-day moving average of $1.85, indicating persistent long-term bearish pressure. The Relative Strength Index is at 56.37, indicating a neutral zone with no clear signs of overheating or overselling.

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