Analyst sets conditions for XRP price to hit $1.35

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.