Analyst predicts sharp XRP rally soon

XRP has lost more than 20% of its value this year but an analyst believes a sharp rally is coming soon.

While it keeps playing a tug of war with BNB for the top fourth spot among cryptocurrencies, it has come a long way since being a suspect for the U.S. regulators.

Related: Ripple sends 10 shocking predictions for 2026

In December 2020, the U.S. Securities and Exchange Commission (SEC) sued Ripple Labs for offering unregistered securities via the sale of XRP tokens to investors. The move was part of the broader crackdown on digital assets which the regulator deemed were securities.

But a July 2023 ruling marked a turnaround in XRP's fortune when Judge Analisa Torres ruled that though Ripple’s sale of XRP tokens to institutions violated securities laws, their programmatic sales on crypto exchanges couldn't be considered a sale of securities.

Both parties refused to end the matter there and took it further. Meanwhile, the legal battle around XRP became a rallying cry for the existence of cryptocurrencies in the United States.

The case got settled in August last year when both parties dismissed their appeals. Now, Donald Trump was the president who has adopted an aggressive pro-crypto stance.

Amidst these changes, XRP hit the all-time high of $3.65 on July 18, 2025.

But the Oct. 10 crash took down the entire crypto market and XRP is yet to recover from the shock. Currently, it is trading at $1.44.

Meanwhile, spot XRP exchange-traded funds (ETFs) have pulled in more than $1 billion in net assets so far.

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Analyst predicts 10% surge for XRP

On Apr. 24, popular onchain analyst Ali Martinez shared an XRP price analysis chart.

A triangle on the $XRP hourly chart suggests a 10% move could be coming soon. pic.twitter.com/leCsnS4Zf1

— Ali Charts (@alicharts) April 24, 2026

It's a symmetrical triangle forming on the 1-hour chart where XRP's price is compressing between a descending resistance line and an ascending support line.

It means buyers and sellers are reaching a temporary balance. The current price is sitting close to the apex, where a breakout is a strong outcome.

As per Ali, a 10% surge could be coming soon.

If the analyst's prediction comes true, XRP's price could soon hit $1.58.

Related: Analyst predicts Bitcoin doubling amid Fed's balance sheet expansion