XRP Price Forms Bullish Patterns Amid $20 Wedge Breakout Target
XRP just flashed its most aggressive technical setup in years—and the target makes traditional finance blush.
The Wedge That Could Break the Bank
Forget the sideways chop. The chart’s carving a massive falling wedge, a classic reversal pattern that traps sellers before a violent breakout. It’s the kind of formation that gets technical analysts reaching for their trendlines instead of their antacids.
Why $20 Isn't a Fantasy
The math is simple, even if the number seems ludicrous. Measure the wedge’s height at its widest point, project that distance upward from the breakout zone, and you land squarely in double-digit territory. It’s a textbook target, one that ignores the endless regulatory noise and focuses purely on pent-up energy in the price structure.
The Fuel for the Move
This isn’t happening in a vacuum. A decisive close above the wedge’s upper boundary acts as the launch trigger. Volume needs to confirm—a sleepy breakout is a fakeout. Watch for a surge that looks like the market just remembered what FOMO stands for.
The Street’s Cynical Take
Of course, Wall Street veterans will scoff. They’re too busy collecting fees on 5% annual returns to notice an asset class that can do that in an afternoon. Their loss.
XRP’s chart is shouting. The only question left is who’s listening.
TLDR
- Long-term Elliott Wave structure suggests XRP price has entered an expansive wave (5) supercycle phase.
- Fibonacci extensions highlight upside targets at $8–$10, $20, and $27 over the broader cycle.
- A falling wedge on the daily chart hints at a breakout toward $2.50–$3.00 if volume confirms.
- XRP consolidates between $1.50–$2.00, with direction hinging on a break above descending resistance.
XRP price continues to attract market attention as long-term projections turn constructive despite ongoing short-term consolidation. Analysts highlight a mix of macro Elliott Wave expansion, compressing daily structures, and neutral momentum NEAR key supports. Together, these signals frame upside scenarios ranging from a near-term recovery toward $3.00 to extended cycle targets above $20.
XRP Price Enters Supercycle Phase
According to analyst Amonyx, the long-term XRP chart outlines a complete Elliott Wave structure stretching back to 2014. Waves (1) through (4) appear completed, with the market currently progressing through wave (5). This phase historically represents the most expansive portion of a cycle.
Moreover, Fibonacci extensions on the chart point to potential targets at $8–$10, $20, and even $27 over an extended timeline. The current structure resembles prior impulsive moves, though on a significantly larger scale. Amonyx noted that regulatory clarity has removed key structural barriers that limited earlier cycles.
In addition, the wider narrative centers on Ripple’s payment utility and potential institutional usage. While interim corrections remain possible within wave (5), the macro bias remains upward. Invalidation WOULD require a breakdown below wave (4) lows, which currently appears unlikely given trend persistence.
Falling Wedge Hints at Short-Term XRP Breakout
Meanwhile, analyst crypto CAPTAIN focused on the daily XRP against USD chart from late 2025 into early 2026. Price action has formed a falling wedge, marked by a descending trendline and converging support. Such patterns often precede bullish reversals when confirmed by volume.
XRP price has declined from the $2.50 zone to around $1.84, where compression has intensified. Recent candles show reduced volatility, reflecting indecision rather than aggressive selling. According to the analysis, a decisive breakout above the wedge could target $2.50 to $3.00.
Furthermore, this structure aligns with a post-rally correction rather than trend failure. Confirmation remains dependent on volume expansion. A rejection, however, could expose downside toward $1.50, keeping risk management central for short-term traders.
XRP Chart Shows Indecision Near Key Support
Additionally, CRYPTOWZRD presented a neutral daily outlook based on the XRP chart from Binance. The market continues to trade below a descending resistance line that has capped rallies since highs near $3.50. Current levels sit close to horizontal support between $1.50 and $2.00.
Recent daily closes have been indecisive, with neither buyers nor sellers asserting control. This behavior suggests consolidation rather than breakdown. The proximity to long-standing support increases the probability of a reaction MOVE once direction resolves.
Moreover, a break above the descending trendline could open a path toward $2.70. Failure to reclaim resistance may extend the grinding correction. The wider market conditions, including Bitcoin stability and altcoin rotation, are likely to influence near-term direction.
