With XRP forecasting a potential rally towards a key near-term resistance level, the analyst has set a bold target for the cryptocurrency’s long-term performance, suggesting the altcoin could surge more than 1,300% during the next bull market.

XRP target in the next Bull Run will be $48

On Friday, XRP joined the broader market rebound, rising 3.5% to hit a weekly high of $1.45. Over the past month, the cryptocurrency has fluctuated between $1.20 and $1.50, hovering at the upper end of that range.

In the midst of this performance, analyst Ali Martinez common a bold prediction of the price of XRP in the next bull market, suggesting that there could be massive growth in the coming years based on a multi-year pattern.

According to the chart, the altcoin has been forming an ascending triangle on the monthly chart since 2018, when it surged about 1,500% in two months to its venerable all-time high (ATH).

For the past eight years, XRP has oscillated between horizontal resistance at $3.30 and an ascending trendline, marking the bottom and top of each rally over the past two cycles.

The analyst suggested that the altcoin could continue to move in this pattern into the next bull market and potentially surge 1,350% to the $48 target once it breaks through multi-year resistance.

Likewise market observer Chard Nerd common XRP macro chart, but instead highlighted a potential retest of resistance that has become support. He noted that the cryptocurrency broke out of a multi-year symmetrical triangle pattern as the price rose above eight-year resistance during the Q4 2024 market rally.

According to the post, XRP may test the neck line of the pattern, currently around the $0.70-$0.80 area, as support in the coming months before it begins to recover from the bear market lows.

Is there a March-April rally coming up?

On Friday video analysisChart Nerd also shared near-term outlook for XRP, highlighting an attempt to break the monthly symmetrical triangle on the daily time frame after today’s pump.

As he explained, the altcoin’s price has been compressing between a major resistance level and a major rising support level over the past five weeks, which could see a 25% gain in the next few weeks as it approaches a narrower high range.

The top has a date (…) we are looking at the end of March, March 25, when XRP could, if it bounces back from the $1.42-1.43 level, (…) really strenuous and compressed in the corner, looking for a decision.

The analyst suggested that the upper boundary of the pattern was a major resistance level throughout February that could push the XRP price “to that high in late March” before potentially taking another direction.

If XRP breaks higher from this top and regains horizontal resistance at $1.50, it will confirm a move towards the $1.80-2.00 area, which he previously called a “critical inflection point,” in behind schedule March or early April.