XRP recorded a small gain in the latest session, even as several technical indicators signal short-term selling pressure, while a recent analysis from crypto analyst Crypto Patel suggests a strong move could follow a breakout from a multi-year chart pattern.
At the time of writing, XRP is trading at $1.40, recording a 1.59% increase over the last 24 hours. The daily trading volume reached $5.23 billion and a total market capitalization of $85.42 billion, keeping it among the largest cryptocurrencies by market value.
Source: CoinMarketCap
XRP Eyes Major Triangle Breakout
Crypto analyst Crypto Patel presented a bullish outlook for XRP on March 13, 2026, after discovering a confirmed breakout on a multi-year triangle pattern on the long-term chart for XRP.
Source: X
Triangle patterns typically indicate a period of consolidation before a major price movement. In this regard, Patel proposed that the price of XRP could approach $50 during a major bull run; however, this remains speculative.
In addition, Crypto Patel cited his previous analysis of XRP in 2024, where he pointed out a possible entry level around $0.50. However, XRP later rallied to $3.66, marking a nearly sevenfold increase before declining alongside the broader market.
Source: X
XRP Momentum Shows Short-Term Weakness
The Relative Strength Index (RSI) is currently at 32.93, while the Signal Line is at 36.06. A Relative Strength Index close to 30 is normally seen as an indicator that an asset is getting close to oversold conditions.
The moving average ribbon indicates that the bearish trend is still ongoing since the price is trading below major levels like the 20-day SMA ($1.854), 50-day SMA ($2.294), and 100-day SMA ($1.779). This indicates that the short-term price movement is bearish. However, the 200-day SMA is trading around $1.129 and is below the price.
Source: TradingView
Momentum indicators also suggest caution as the Moving Average Convergence Divergence (MACD) remains in negative territory. The MACD line at -0.293 is below the signal line at -0.242, while the histogram is at -0.050. The dominance of the selling pressure in the short-term trend remains.
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XRP Recovery Hopes Remain Intact
Currently, XRP is in a state of balance between long-term optimism and short-term technical challenges. Investors are watching whether the coin can hold key support and recover key moving averages.
If XRP is able to regain some of the momentum it had been showing before the decline, investors believe that it may be able to boost expectations for an overall recovery in the coming months.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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