XRP Breaks Below Descending Triangle, But Here’s Why $9-$13 Is Still in Play

XRP has broken below a descending triangle structure, but market analysis shows why the token’s bullish upside target remains in play.

According to a recent market exposition from EGRAG Crypto, a renowned chartist, the Bifrost Bridge, a long-standing ascending channel that has guided XRP’s price action since 2014, remains relevant. With XRP still within this channel, he believes the $9 to $13 target remains in play.

Key Points

• XRP underwent 14 months of accumulation, after which it broke below a descending triangle, as the market expected.
• EGRAG argues that the triangle breakdown was an effort to sweep downside liquidity, not a trend failure.
• XRP remains within the Bifrost Bridge, a multi-year ascending channel that has guided its price action since 2014.
• As long as the Bifrost Bridge remains relevant, XRP’s upward targets of $9 to $13 remain in play.

XRP Descending Triangle Breakdown

EGRAG’s recent bullish commentary comes despite XRP’s current price struggles. For context, since hitting $3.6, the altcoin has continued to face turbulence alongside the rest of the crypto market. This has resulted in six consecutive monthly declines, with XRP initially eyeing a seventh loss at the start of this month.

Data from EGRAG’s chart shows that the downtrend led to a breakdown below an existing descending triangle. Notably, after XRP hit $3.4 in January 2025, its price action entered an accumulation phase that, according to EGRAG, lasted for 14 months.

During the accumulation, XRP formed a descending triangle structure as it dropped from the $3.6 all-time high in July 2025. The market analyst noted that descending triangles statistically have a 60% to 70% chance of breaking down. 

This bearish expectation played out when XRP closed the February 2026 monthly candle below $1.6, the level that aligns with the triangle’s lower trendline. Since then, XRP has continued to trade below the descending triangle.

Bifrost Bridge Still Relevant

However, while the market currently witnesses bearish conditions, EGRAG pointed out that XRP still trades within the ascending channel structure he calls the Bifrost Bridge. Data from his chart shows that this channel has guided XRP’s price movements since 2014.

According to him, the Bifrost Bridge will continue to act as his guide, and the structure maintains a bullish outlook. EGRAG suggested that as long as XRP remains within the Bridge, its overall bullish trend remains intact, and the upward move that started in November 2024 has not ended. 

The analyst insists that triangles typically highlight short-term moves, but channels are what define the overall cycle. He noted that the longer the accumulation, the more explosive the ensuing expansion will be. 

XRP witnessed a whopping 14 months of accumulation, and EGRAG believes this compression only acts as fuel for the imminent upward push. With this, EGRAG expects the rally to eventually result in a $9 to $13 target, which he has maintained for some time. From the current price of $1.41, XRP would need to rise 538% to 822% to reach the target range.