Analyst Ali Martinez has projected a long-term target of approximately $8.50 for XRP by 2028, based on a multi-year chart pattern. The token set a new all-time high of $3.65 in July 2025 but has since retraced over 60%, currently trading near $1.30. Martinez and other analysts suggest a potential further decline to a key support zone between $0.75 and $0.80 could present a major buying opportunity before a historic breakout.
The cross-border token XRP broke its 2018 all-time high in July 2025, setting a new record at $3.65. This represented an approximate 500% surge from its cycle starting point around $0.60 in late 2024.
The asset has since undergone a significant retracement, dropping over 60% and struggling to maintain a price above $1.30. Despite this volatility, several market observers remain optimistic about its future price trajectory.
Analyst Ali Martinez stated that XRP is trading inside a “giant 9-year ascending triangle on the monthly chart.” He noted the pattern has repeated since 2017, with the asset hitting upper resistance before retracing to a rising trendline support.
Martinez indicated the current trendline support sits around $0.75-$0.80. He characterized a potential decline to this level as the “ultimate buy the dip opportunity” before a possible historic move.
His chart analysis projects a price target of $8.50 for XRP by 2028. “When a 9-year consolidation finally breaks, the move is usually historic,” Martinez concluded.
Another analyst, EGRAG CRYPTO, presented a similar outlook with a 60%-70% probability of a drop to the $0.70-$0.80 range. Their analysis foresees a potential subsequent rally to targets of $6.80, $10.30, or even $31.60.
An AI platform’s review of this analysis reportedly dismissed the highest target but acknowledged that reaching $6.80 or $10.30 was not impossible under favorable conditions. EGRAG CRYPTO has previously forecast a similar dip followed by a sharp reversal into double-digit price territory.
