XRP displayed signs of a potential bottom on July 17, 2026, after analyst Ali Martinez outlined criteria for the altcoin to climb toward a $1.35 target.
Technical Conditions for a Rally
Martinez posted on X on July 16 that XRP must consistently close above the $1.13 liquidity zone to unlock upward momentum. He noted that the 1‑hour chart is shaping a symmetrical triangle, currently encountering resistance at the descending upper trendline.
The price is nearing the triangle’s apex, suggesting a breakout could occur shortly. A full reversal would require a decisive break above the descending upper resistance, while a retest of the ascending lower support may precede further gains.
If XRP repeatedly closes beneath the ascending lower support, the projected $1.35 rally could be postponed.
Market Sentiment and Investor Activity
Finbold reported that many traders believe a bottom has already formed, buoyed by renewed buying pressure from large XRP holders. Over the last 12 months, the token has shed more than 69 % of its value and was trading around $1.08 at the time of writing.
The resurgence in whale activity adds optimism to the market, as investors anticipate a bounce that could validate the technical bullish signals.
Price Outlook and Forecasts
From a technical perspective, XRP must surpass its July peak of approximately $1.16 to confirm a bottoming pattern and establish a higher high. AI‑driven price models also project that breaking this level could set the stage for the next rally toward $1.35.