XRP Approaching Its Largest Buying Zone in 8 Years: A Rebound Could Target $13

$XRP is nearing a major buying zone that has held its price for over 8 years, and a rebound targets a rally to unprecedented prices.

$XRP has spent much of the past 11 months pulling back from its July 2025 peak. At its current price of $1.10, the coin has now dropped 70% from the all-time high near $3.66.

However, a technical analysis from Ali Martinez suggests $XRP may be approaching a level that has repeatedly attracted buyers during previous market cycles. According to his recent analysis, $XRP is revisiting an ascending support trendline that has defined its bottom for over 8 years.

$XRP Near a Long-Term Support Zone

The analyst highlighted a rising support, which dates back to May 2017, as $XRP’s largest buying zone over the last decade. Each time it has reached this trendline, a strong rebound usually follows, a record that reinforces its importance to the asset’s price direction.

$XRP first touched this trendline in March 2020, when its price dropped to $0.10. The price rebounded towards the $3 resistance, peaking at $1.96 in April 2021. The last touch was in July 2024, with the coin bottoming at $0.38. A recovery ensued, this time pushing the coin to a new all-time high of $3.66.

Now, $XRP appears to be moving toward the same region once again. Martinez identified that this trendline support aligns with the price range between $0.70 and $0.90. Currently at $1.10, the asset sits 36% to 18% away from the support range.

Rather than focusing on short-term price swings, the analyst emphasized $XRP’s broader market structure. The asset remains above a support line that has guided its long-term trajectory for over eight years. He noted that as long as that structure remains intact, the current decline would be a mere support retest.

If the historical pattern persists, Martinez believes the zone could present a rare opportunity for holders to buy cheap for the next leg up.

Can $XRP Rebound Toward $13?

The chart also outlines several upside targets should support hold and buying pressure return.

According to data, the first major resistance sits near $3.32, a level that previously capped $XRP during a previous rally. A move to this level marks a 202% growth. From the support at $0.70 and $0.90, it represents a 374% to 269% increase.

Also, Martinez highlighted that if $XRP finally breaks above the 8-year resistance of $3.32, further upside could follow.

The chart shows two macro targets in this scenario: one at $8.37 and the other at $13.57. Notably, each would mark a new all-time high for $XRP, representing a 661% to 1,133% surge from the current price.

Interestingly, $13 is a common price target for $XRP among analysts. One of those sharing this projection is EGRAG Crypto, which sees the coin reaching the new all-time high, citing a Bifrost Bridge formation.