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- XRP is forming a chart pattern that previously led to strong upside moves.
- A breakout could target $4, requiring just over a 100% rally.
- Some analysts believe extended consolidation supports even higher levels near $6.
XRP is beginning to show signs of renewed strength after spending months locked in sideways price action, with traders increasingly focused on a technical structure that has preceded major rallies before. While short-term volatility remains, chart watchers say the broader setup suggests XRP may be nearing the end of a long consolidation phase.
At the time of writing, XRP is trading around $1.94, up just over 2% on the day, though still down roughly 7% over the past week. Despite that pullback, analysts argue the bigger picture is starting to turn constructive.
A Repeating Technical Pattern Emerges
According to widely followed trader DonWedge, XRP’s current price structure closely mirrors a pattern seen earlier in the cycle. In both cases, XRP surged sharply, then spent months drifting lower inside a controlled descending channel.
That same setup previously followed XRP’s rally from below $0.50 to above $3.30. After a prolonged consolidation that tested traders’ patience, selling pressure eventually faded and the price broke higher, leading to another strong upside move.
Now, XRP appears to be tracing a similar path. The token has spent roughly six months moving within a falling channel, with price action compressing near the lower boundary — a zone that often precedes volatility expansion.
Why Traders Are Watching the $4 Level
From a technical perspective, the $4 area has emerged as a key upside target if a breakout occurs. This level aligns with a measured move based on the prior consolidation-to-breakout sequence.
A rally to $4 would require just over a 100% move from current levels, but traders note that XRP’s past breakouts have tended to unfold quickly once momentum returns. While the charts do not imply an immediate surge, they suggest the next major move is more likely to be sharp than gradual.
Longer-Term Analysts Eye Even Higher Targets
Beyond short-term projections, some analysts see XRP’s extended consolidation as a bullish signal rather than a warning sign. Elliott Wave analyst XForceGlobal argues that XRP remains in an accumulation phase, not a bearish one.
He points out that XRP has spent more than a year consolidating within its current pattern — and much longer within a broader multi-year structure. Historically, such prolonged periods of compression often lead to powerful trend moves. From that perspective, he views $6 as a conservative longer-term target, with recent pullbacks seen as normal market noise.
Also Read: XRP 2026 Price Prediction: Is a Break Above $3 Finally Back on the Table?
XRP’s price action is beginning to attract attention again as familiar technical signals reappear. While a breakout is not guaranteed, the combination of long consolidation, compressed volatility, and repeating historical patterns suggests XRP may be building the foundation for its next major move.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
