Analyst Identifies Key Factors for XRP Price Rally

As the wider cryptocurrency market begins to recover from a prolonged downturn, XRP's price has seen a significant rebound. However, the cryptocurrency is still over 43% below its all-time high. A market analyst has provided insights into what measures are necessary for XRP to experience another rally.

Key Takeaways

XRP's recent price increase is closely tied to Bitcoin's behavior.
A significant factor for XRP's potential recovery is the need for Bitcoin to regain its strength and dominance in the market.
Analyst Amonyx forecasts a substantial price increase for XRP during the 2026 crypto supercycle, potentially multiplying its value by ten times.

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Bitcoin's Recovery is Crucial for XRP's Rally

A cryptocurrency market expert known as 'Guy on Earth' has recently shared his thoughts on the current state of XRP on platform X. He pointed out that XRP is currently in a vulnerable position, stating that it is “hanging on for its dear life.” He emphasizes that XRP is barely holding its vital monthly bull market support level.

According to Guy on Earth, the potential for an XRP price rally hinges on Bitcoin's performance. He noted that the altcoin market has faced significant stress and will only start to recover when Bitcoin shows signs of a rebound. For altcoins, including XRP, to regain momentum, Bitcoin must initiate a recovery rally while its dominance diminishes, allowing altcoins the necessary space for growth.

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Source: Chart from Guy on Earth on X

Without a change in Bitcoin's trajectory, XRP may continue to face downward pressure. Recently, Bitcoin rose approximately 7%, trading above $93,000, while XRP saw an increase of over 9%, reaching $2.19. This pattern indicates a correlation between Bitcoin's positive momentum and XRP's price increase.

Despite this recovery, Guy on Earth has advised investors and traders to remain realistic and exercise caution due to the market's delicate condition. His accompanying chart illustrates that after a sharp rise that brought XRP into a multi-year high zone, the price has stalled just below a clear ceiling marked by repeated monthly challenges. Additionally, XRP's Relative Strength Index (RSI) has been declining, indicating a decrease in strength.

Potential for XRP Price to Multiply Tenfold in 2026

In a more optimistic view for XRP, crypto analyst Amonyx has evaluated its price potential within the larger altcoin market cycle. He forecasts that the 2026 crypto supercycle will be significant, positioning XRP at the forefront of this bullish trend and predicting a dramatic price surge.

Amonyx shared a chart that outlines three separate altcoin seasons from previous bull market cycles, each characterized by explosive performances relative to Bitcoin. The first two cycles were marked by substantial surges followed by extended cooldown periods. The ongoing cycle suggests a more significant structural build-up, indicating that the forthcoming altcoin season in 2026 may outperform the previous two. If this trend materializes, Amonyx estimates that XRP’s price could increase tenfold from its current level of $2.19 to around $22.

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XRP trading at $2.18 on the 1D chart | Source: XRPUSDT on Tradingview.com