- A popular technical analyst tells investors to brace for a $0.75- $0.80 bottom in XRP’s price.
- However, his chart shows the asset’s possible rise to $8.50 once it weathers the storm.
It won’t be long before the price of XRP drops to the $0.75 to $0.80 range. Despite how unfavorable it may sound, the trend could actually be a bullish indicator, culminating in the token’s rise to $8.50.
The Bad and Good News on the Price of XRP
According to Ali Martinez, a popular technical analyst on X, XRP has maintained its price within a nine-year ascending triangle on the monthly charts. That means it has been trading within strong, unbroken perimeters since 2017, a year before its prevailing all-time high of $3.84.
The crypto analyst explained that the upper resistance level, or the X-axis of the pattern, tends to reject XRP’s further ascent. From there, it usually retraces and finds support at the rising trendline.
The token’s rejection at the August 2025 resistance line suggests a high likelihood of retesting the macro support in 2026. The bad news is that the asset’s recent values are still nowhere near the technical chart’s lower trendline.
Martinez forecasts a target at the aforementioned $0.75 to $0.80 range to complete the bearish pattern. He believes that zone represents the “ultimate buy the dip” opportunity, as a break in the nearly a decade-long consolidation phase could signal a new historic high. Nonetheless, he advised investors to be patient at this point.
The crypto personality’s chart hints that a clean, sustained break above the $3.30 range of the long-running ascending triangle would send XRP skyrocketing to $8.50. If his prediction plays out, the numbers imply a surge of more than 121% beyond the asset’s record peak, or between 543% and 534% above its $1.32 to $1.34 price over the last 24 hours.
The Crypto Community’s Feedback
Martinez’s analysis drew positive feedback from the crypto community, even as sentiment remains within an “Extreme Fear” level. X Finance Bull, a pseudonymous crypto commentator, added fuel to the excitement, emphasizing that nine years of pent-up momentum will not stay forever.
Others, however, expressed skepticism about Martinez’s projection. They pointed out that XRP needs significant liquidity to reach its target. Hence, retail investors must collectively overcome the selling pressure frequently triggered by OTC (Over-the-Counter) desks every time momentum accelerates.
On the bright side, X Finance Bull highlighted that XRP’s onchain volume remains elevated. On Monday, it jumped 26% amid the overall bearish market sentiment and weak token value. Furthermore, citing Glassnode data, he claimed that XRP Ledger’s (XRPL) activity has been surging since January and just hit five million on the daily chart.
The crypto commentator underscored that the XRP price will eventually catch up to reflect the rising demand, especially as institutions adopting XRPL and Ripple solutions are increasing exponentially.
Disclaimer: The compiled data, analysis, and commentary featured in this article are only for informational purposes. They do not constitute financial advice or a product recommendation from the author or the Blockzeit team.
