Can XRP indeed skyrocket by over 3,000%?

Ripple’s cross-border token has showcased some mind-blowing price moves during its existence, and even in more recent years, when it became a household altcoin worth tens and even hundreds of billions of dollars.

Now, though, popular analyst Ali Martinez has made a bold claim that it could surge to $48 during the next bull run. He based these rather far-fetched (at the moment) findings on XRP’s multi-year triangle chart.

A multi-year triangle on $XRP points to $48 as a potential target for the next bull run. pic.twitter.com/QSZpGrIXn3

— Ali Charts (@alicharts) March 13, 2026

Can It Really, Though?

Even after today’s 4% surge, Ripple’s token trades at just over $1.40. This means that it would have to stage a hard-to-believe run of approximately 3,300% to reach Martinez’s target. We are not saying that this is impossible, but let’s put some perspective on what such a price tag would mean.

If XRP indeed taps $48 per token, this would mean that its market cap would skyrocket to a whopping $3 trillion level. And, this is based on XRP’s current supply, which, as we know, expands every month. Again, not that this is impossible, but it would break even bitcoin’s record, as the market leader’s peak in October 2025 was well below the $3 trillion mark.

In fact, XRP’s market cap would match Microsoft’s and surpass giants like Saudi Aramco, Meta, Tesla, and Amazon.

Obviously, such a rally would require time. Perhaps a few years until the peak of the next bull rally. And, XRP has shown in the past that it could post some incredible gains. But even during its post-US-election rally, when it skyrocketed from $0.50 to $3.60 in less than a year, its gains were a lot more modest – 620%. If it is to materialize the $48 target, it would need to be 5-6x that, which, again, is not impossible but highly, highly unlikely.

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Let’s Be More Realistic

Let’s leave the aforementioned big target away and focus more on the current XRP moves. Analyst CW noted earlier today that the token has begun to break out of its first sell wall, which is located around the $1.43 resistance. If it falls, the subsequent one is at around $1.50, meaning that there are quite a few obstacles before the breakout succeeds.

Nevertheless, the analyst doubled down that net buying of long XRP positions on the world’s largest crypto exchange has increased “significantly” lately, which could be the necessary push for that aforementioned breakout.

Net buying of long positions for $XRP on Binance is increasing significantly. pic.twitter.com/8vwOTASFvp

— CW (@CW8900) March 13, 2026

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The Bollinger Bands on XRP’s trading chart are also squeezing, suggesting a major move ahead after a long period of sideways trading. However, the indicator doesn’t provide any hints in which direction the move would go.

The price of Bitcoin climbed to a weekly high on March 13, defying geopolitical concerns tied to rising tensions between the United States and Iran.

Bitcoin (BTC) was trading around $71,400, up about 1.2% on the day, according to the chart data, after briefly touching an intraday high near $72,000. The move pushed the world’s largest cryptocurrency back above the key $70,000 psychological level.

The rebound comes despite a fragile macro environment. Ongoing geopolitical tensions and concerns surrounding global oil markets have weighed on broader risk sentiment, conditions that typically make it difficult for speculative assets like Bitcoin to outperform.

However, on-chain data suggests that many traders remain skeptical about the rally.

According to market insights from CryptoQuant, derivatives market positioning shows a growing bearish bias among investors. Funding rates on Binance have remained negative for roughly a week, indicating that a majority of leveraged traders are betting against further price gains.

On March 10 and March 11, funding rates on Binance reportedly dropped below −0.006, an unusually negative level that signals strong short positioning in the market.

This dynamic could paradoxically support further upside for Bitcoin.

Historically, when funding rates reach extreme levels and a strong consensus forms around a bearish outlook, markets sometimes move in the opposite direction. If Bitcoin continues to push higher, short sellers may be forced to close positions, triggering a short squeeze that could accelerate the rally.

Bitcoin price analysis

The attached chart shows BTC gradually recovering from its February lows near $63,000, forming a sequence of higher lows in recent weeks.

Momentum indicators are also improving. The relative strength index (RSI) is around 54, suggesting bullish momentum is building while still remaining far from overbought territory.

Meanwhile, the Awesome Oscillator (AO) has shifted from deep negative territory in February to positive green bars above the zero line. The steady transition from red to green histogram bars indicates that bearish momentum has faded and bullish momentum is strengthening.

Importantly, the AO shows increasing positive bars in recent sessions, which typically signals growing upside momentum as short-term market strength begins to outpace the longer-term trend.

From a technical perspective, $72,000 represents the immediate resistance level. A confirmed breakout above that area could open the door for a move toward $75,000.

On the downside, $68,000–$69,000 acts as key support, while the $70,000 level remains a critical psychological threshold for maintaining bullish momentum.

Ethereum co-founder Vitalik Buterin has clarified the circumstances surrounding his massive 2021 crypto donation to the Future of Life Institute, while distancing himself from some of the group’s more recent policy approaches toward artificial intelligence.

Vitalik Buterin: AI safety risks losing trust if it becomes geopolitical power play

In a detailed post on X, Buterin explained that the funds originated from large quantities of dog-themed tokens, including Shiba Inu, which had been sent to his wallet by developers hoping to use his holdings as a marketing tactic.

According to Buterin, the tokens surged in value during the 2021 memecoin boom, with their peak “book value” exceeding $1 billion. Believing the rally was likely a bubble, he moved quickly to access the funds from cold storage, sold part of the holdings for Ether, and donated to several causes.

Buterin said he contributed roughly half of the remaining SHIB to India’s COVID-19 relief effort through CryptoRelief, while the other half went to the Future of Life Institute, an organization focused on existential risks such as artificial intelligence, nuclear threats and biotechnology.

He initially assumed the institute would only be able to liquidate between $10 million and $25 million worth of the tokens due to limited market liquidity. Instead, both CryptoRelief and the institute managed to convert around $500 million worth of SHIB.

However, Buterin said the organization later shifted its strategy toward cultural and political advocacy aimed at accelerating AI regulation in response to the perceived rapid arrival of artificial general intelligence.

While acknowledging their concerns, Buterin warned that large-scale coordinated political campaigns backed by substantial funding could produce unintended consequences and backlash.

“My worry is that large-scale coordinated political action with big money pools can easily lead to unintended outcomes,” he said.

Instead, Buterin said his preferred approach focuses on developing open-source technologies that improve resilience to high-risk scenarios, including stronger cybersecurity systems, secure hardware and pandemic detection tools.

He also cautioned that AI safety efforts could lose credibility globally if they become associated with attempts by specific companies or countries to dominate the technology.

The US dollar continues to strengthen against major counterparts as markets await important macroeconomic data scheduled for release in the coming hours. Investors are focusing on US GDP figures, the Personal Consumption Expenditures (PCE) price index, and Canada’s labour market statistics. These releases could significantly influence expectations regarding the future policy path of the Federal Reserve and set the tone for currency market movements.

The strengthening of the US currency has also been supported by rising geopolitical tensions in the Middle East. Over the past 24 hours, the conflict involving Iran, the US, and Israel has intensified, leading to a sharp rise in oil prices and increased demand for safe-haven assets. Reports indicate strikes on tankers in the region, along with conflicting information about the potential closure of the Strait of Hormuz. Rising energy prices and heightened geopolitical risks are supporting the dollar as demand for liquid defensive assets increases. At the same time, market participants remain cautious ahead of key data releases that could alter expectations for interest rates.

USD/JPY

The USD/JPY pair continues to move higher and is trading near its annual highs. Technical analysis suggests the possibility of a downward pullback if the 159.45 level holds as resistance. However, if buyers manage to establish a firm break above this level, the pair could advance towards the 160.20–161.00 range.

Key events for USD/JPY:

• today at 14:30 (GMT+2): US GDP
• today at 14:30 (GMT+2): US Core PCE Price Index
• today at 16:00 (GMT+2): US Job Openings (JOLTS)

USD/CAD

The USD/CAD pair is also moving higher, although it remains significantly below its yearly highs compared with USD/JPY. Last week, the price found support near 1.3520, where a doji candlestick pattern formed, signalling a potential reversal. The pair is currently consolidating above 1.3600, and if the upward momentum continues, a test of recent highs in the 1.3720–1.3750 range may follow.

Key events for USD/CAD:

• today at 14:30 (GMT+2): Canada Employment Change
• today at 14:30 (GMT+2): Canada Unemployment Rate
• today at 14:30 (GMT+2): Canada Labour Force Participation Rate

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Bitcoin (BTC) hit eight-day highs into Friday’s Wall Street open as markets awaited key US inflation cues.

Key points:

• Bitcoin shows resilience despite macro market uncertainty with another push beyond $72,000.

• Key US inflation data increased the chances of risk-asset volatility to come.

• BTC price gains outperform macro assets since the start of the Iran conflict.

Trump demands Fed rate cut ahead of PCE print

Data from TradingView showed BTC/USD climbing past $72,000 on Bitstamp for the first time since March 5.

Bitcoin avoided a sell-off despite global uncertainty over the Middle East conflict and its impact on oil supplies. The week’s macro data prints from the US further conformed to expectations, decreasing the risk of excess market volatility.

Friday was due to see the Personal Consumption Expenditures (PCE) Index release for January — an important gauge known as the Federal Reserve’s “preferred” inflation measure.

The previous PCE print beat anticipated levels to hit its highest since late 2023.

Despite the oil crisis threatening a surge in inflationary forces, US President Donald Trump renewed demands for Fed Chair Jerome Powell to loosen policy.

“Where is the Federal Reserve Chairman, Jerome ‘Too Late’ Powell, today? He should be dropping Interest Rates, IMMEDIATELY, not waiting for the next meeting,” he wrote in a post on Truth Social.

As Cointelegraph reported, odds of a rate cut at the Fed’s March 18 meeting fell below 1% this week.

”Conviction is building” for Bitcoin bullish breakout

Among Bitcoin market participants, the focus was on price strength amid the macro chaos.

Related: Bitcoin’s ‘extremely precise’ macro signal puts $100K target back in play

“Bitcoin has remained surprisingly resilient following the recent geopolitical shock,” onchain analytics platform Glassnode summarized in the latest edition of its regular newsletter, “The Week Onchain.”

Glassnode flagged options-market activity showing that traders were less concerned about short-term risk.

“An accumulation cluster is forming in the $62k–$72k range. However, its intensity is modest relative to prior phases that preceded sustained expansions,” it continued in an X post on Thursday while analyzing the cost basis of investors hodling BTC for six months or less. 

“Conviction is building, but the foundation for a mid-term breakout remains thin so far.”

Others noted that BTC/USD had outperformed other macro assets since the start of the events in Iran.

“Passing the geopolitical stress test,” Joe Consorti, head of growth at Bitcoin equity company Horizon, commented.

Bitcoin is the best-performing major asset since last month’s strikes on Iran.

BTC is up 7.3%, the S&P 500 and Nasdaq are down 1-2%, gold is down 3.7%, and silver is down over 10%.

Passing the geopolitical stress test. pic.twitter.com/vg2RvEh9OM

— Joe Consorti (@JoeConsorti) March 12, 2026