Ripple's XRP is exhibiting potential bottoming signs as of July 17, 2026, with crypto analyst Ali Martinez outlining conditions for the altcoin to surge towards $1.35, contingent upon consistently closing above the $1.13 liquidity level, thereby triggering a rally in the crypto market.
XRP Price Analysis
Martinez noted in an X post on July 16 that XRP's 1-hour chart is forming a symmetrical triangle, recently rejected at the descending upper resistance, and with the price approaching the apex, a breakout is imminent, which could lead to a full reversal for the token and impact investors' decisions in the blockchain-based crypto market.
Market Impact
The bullish outlook for XRP remains, bolstered by renewed demand from XRP whales, with the token's price trading at about $1.08, having dropped over 69% in the past 12 months, and to signal its bottoming out, XRP must rally above its July peak of about $1.16 to form its first higher high, as forecasted by crypto traders and analysts following the coin's price and market trends.
Technical Signals and Forecast
Technical analysis suggests that a potential retest of the ascending lower support could occur, and if XRP's price consistently closes below this support, the $1.35 target could be delayed, while an AI algorithm forecast for XRP price indicates a potential bullish rally, further influencing investors' and traders' decisions in the crypto market, where Ripple's XRP is a major player, utilizing blockchain technology to facilitate transactions and transfers.