XRP has fallen below a descending triangle pattern, but a 9 to 13 target remains valid as long as its long-term rising channel holds, an analysis said.

The Crypto Basic, a blockchain media outlet, reported on April 20 that chart analyst Egrag Crypto pointed to XRP remaining inside an uptrend channel it has followed since 2014, dubbed the “Bifrost Bridge.”

The key is to distinguish short-term bearish signals from the long-term trend. XRP hit an all-time high of $3.6 last year and has extended weakness amid broader volatility across the cryptocurrency market. As a result, it has posted six straight monthly declines, and early this month there was talk of a possible seventh consecutive monthly drop.

Egrag Crypto’s chart shows XRP entered an accumulation phase for 14 months after reaching $3.4 in January 2025. It then formed a descending triangle after retreating from its $3.6 all-time high in July 2025. He noted that descending triangles statistically break down to the downside with a 60 percent to 70 percent probability, and XRP in fact closed a February 2026 monthly candle below $1.6, breaking below the triangle’s lower trend line. The price has continued to trade below that structure.

Egrag Crypto said the upward flow has not yet been broken. He said the Bifrost Bridge will continue to act as a baseline, and he judged that the overall uptrend holds as long as XRP remains within that channel. He argued that the upward move that began in November 2024 is also not over.

He also stressed that triangles typically show short-term moves, while channels define the overall cycle. He said the longer the accumulation period, the greater the explosive force in the subsequent expansion phase. Because XRP went through a 14-month accumulation phase, the current compression could become fuel for a future rise, he said.

The market views the break below $1.6 and the pattern breakdown as a bearish signal in the short term, but whether the long-term channel holds is emerging as a key variable that will determine the direction ahead. Based on that structure, Egrag Crypto continues to maintain a 9 to 13 target.

Based on the current price of $1.41, XRP would need to rise about 538 percent to 822 percent to reach the 9 to 13 target range. In the short term, the break below $1.6 and the pattern breakdown remain a burden, but as long as the long-term rising channel holds, market attention is likely to focus more on the possibility of restoring a rebound structure than on whether the trend has been damaged. The path ahead is expected to hinge on whether XRP can regain support within the long-term channel and revive upward momentum.

#XRP - The Bifrost Bridge Is Still Our Guide (Update):($9-$13) Everyone is focused on the descending triangle… “Bearish breakdown” they say. But they’re missing the bigger picture. ️A descending triangle is statistically: ▫️~60–70% probability → breakdown ▫️Because… https://t.co/tgi0m26YX0 pic.twitter.com/redbtg1HoC