XRP Price Analysis: Token May Have Reached Bottom Ahead of Potential Rally

XRP price analysis suggests that the token may have reached a bottom as it trades near $1.35-$1.36 in early September. A 13-month cycle identified by TradingView analyst Fractical indicates that XRP's latest bearish swing low occurred close to the latest cycle marker, potentially completing the bottoming phase of the pattern.

If this cycle continues to follow its previous rhythm, Fractical expects a five-wave advance that could develop over roughly the next 13 months. However, this view remains technical rather than fundamental, and the price still faces important resistance near $1.40.

A recent analysis from @TheMoonHailey identified a symmetrical triangle on XRP's four-hour chart, with $1.40 marking the critical breakout level. A move above it could potentially open the way toward $1.45 and then $1.55, while a failure to hold the lower portion of the formation could expose XRP to levels around $1.34 and $1.28.