As XRP price shows potential bottoming signs on July 17, 2026, crypto analyst Ali Martinez has set the conditions for the altcoin to rally towards $1.35.
Martinez argued, in an X post on July 16, that XRP price must consistently close above the liquidity level around $1.13 to trigger a rally towards $1.35. Furthermore, the analyst noted that XRP price on the 1-hour chart has been forming a symmetrical triangle and was recently rejected at the descending upper resistance.
With XRP price approaching the apex of the symmetrical triangular pattern, the analyst highlighted that a breakout is imminent. As such, a full reversal for the token could only happen if it breaches the descending upper resistance.
Meanwhile, a potential retest of the ascending lower support could occur, and the bullish outlook remains. However, if the token’s price consistently closes below the ascending lower support, the $1.35 target could be delayed.
Has XRP price bottomed yet?
As XRP technical signals bullish rally, more crypto traders are forecasting that a potential bottom has already formed, as Finbold reported. The near-term bullish rally for XRP price is bolstered by the recent renewed demand from XRP whales, as Finbold pointed out.
Over the past 12 months, the token has dropped over 69%, trading at about $1.08 at press time. From a technical analysis standpoint, the token must rally above its July peak of about $1.16 to signal its bottoming out and form its first higher high.
Meanwhile, the AI algorithm XRP price forecast for July remains bearish, as Finbold explained. Essentially, the Finbold AI predicted a new lower low by the end of this month, thereby suggesting the bottom for XRP has not yet been reached.
As such, Martinez’s $1.35 forecast could be achieved if XRP whales increase accumulation over the coming days.
