As XRP anticipates a potential rally toward a key short-term resistance level, an analyst has set a bold target for the cryptocurrency\u2019s long-term performance, suggesting that the altcoin could soar by over 1,300% during the next bull run.<\/p>\n
On Friday, XRP joined the broader market rebound, experiencing a 3.5% surge<\/a> and reaching a one-week high of $1.45. Over the past month, the cryptocurrency has been oscillating between $1.20 and $1.50, hovering above the upper area of this range.<\/p>\n Amid this performance, analyst Ali Martinez shared<\/a> a bold prediction for XRP\u2019s price in the next bull run, suggesting a massive rally could unfold in the coming years based on a multi-year pattern.<\/p>\n According to the chart, the altcoin has been forming an ascending triangle pattern on the monthly chart since 2018, when it rallied around 1,500% over two months to its old all-time high (ATH).<\/p>\n XRP has traded between the $3.30 horizontal resistance and the ascending trendline over the past eight years, marking the bottom and peak of each rally during the last two cycles.<\/p>\n The analyst suggested the altcoin could continue to move within this pattern until the next bull run and potentially rally 1,350% to the $48 target once it breaks through the multi-year resistance.<\/p>\n Similarly, market observer Chard Nerd shared<\/a> XRP\u2019s macro chart but highlighted a potential retest of a resistance-turned-support instead. He noted that the cryptocurrency broke out of a multi-year symmetrical triangle pattern when the price soared past its eight-year resistance during the Q4 2024 market rally.<\/p>\n Per the post, XRP could test the pattern\u2019s neckline, currently around the $0.70-$0.80 area, as support in the coming months before beginning to recover from the bear market lows.<\/p>\n In a Friday video analysis<\/a>, Chart Nerd also shared a short-term outlook for XRP, highlighting its attempt to break out of a one-month symmetrical triangle on the daily timeframe after today\u2019s pump.<\/p>\n As he explained, the altcoin\u2019s price has been compressing between a major level of resistance and a major level of ascending support over the past five weeks, which could target a 25% rally in the next few weeks as it approaches the tighter range of its apex.<\/p>\n The apex does have a date (\u2026) we\u2019re looking towards the end of March, 25th of March, where XRP could, if it rejects from this $1.42-$1.43 level, (\u2026) get really tight and compressed into a corner to look for a decision.<\/p>\n The analyst suggested that the pattern\u2019s upper boundary has been a major level of resistance<\/a> throughout February, which could squeeze XRP\u2019s price \u201cinto this apex towards the end of March\u201d before potentially choosing its next direction.<\/p>\nIs A March-April Rally Brewing?<\/h2>\n