After enjoying a modest recovery in the early weeks of April, the price of XRP appears to have settled around the $1.4 level. Interestingly, a popular analyst on the social media platform X has put forward an audacious target for the altcoin, projecting its price to reach $13 in the next cycle. However, the path to this lofty target is not as straightforward as it appears, as an initial price drop for XRP could be potentially imminent.
In an April 25th post on the X platform, crypto analyst Ali Martinez postulated that the price of XRP could reach as high as $13 in the next bull run. However, the market pundit also noted that the cryptocurrency might need to drop below the $1 mark before this significant upward move materializes.
This price outlook is based on the appearance of an ascending triangle pattern on the XRP monthly chart. The ascending triangle is a technical analysis pattern characterized by an inverse right-angled triangle with a horizontal upper boundary (typically resistance) and a diagonal rising lower trendline (connecting the higher lows).
An ascending triangle formation is usually considered a pause in a trend, with prices often breaking out to the original upward trend. However, an ascending triangle formation can act as a trend-reversal pattern and a bearish signal when the asset’s price breaks below the lower trendline, thereby negating the initial uptrend.
As shown in the chart above, the ascending triangle captures XRP’s price action over the past few years, with the upper boundary (around $3.32) resisting further upward movement back to early 2025. The altcoin’s price has since been in a downward trend, with Martinez projecting a potential bear-market bottom around the lower diagonal trendline (around $0.9).
If the XRP price does bottom at $0.9, Martinez expects that the altcoin will travel to as high as $13 in the next bull run. However, a conservative target for investors could be around $3.32, which is the token’s high from the previous cycle.
It is worth noting that if the XRP price succumbs to further bearish pressure and breaks the support around $0.9, it could fall to as low as $0.11, where the next significant support zone lies.
As of this writing, the price of XRP is around $1.43, down 0.5% over the past 24 hours. According to data from CoinGecko, the altcoin has jumped by more than 6% over the past month, reflecting an improving crypto market climate in the second quarter of 2026.
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