XRP Price Still on Track for $20 Despite “Distribution” Phase, Analyst Claims

By Cointelegraph Staff | August 28, 2025

XRP's recent pullback hasn't shaken analysts’ confidence in a long-term bullish trajectory. According to technical analysts, the altcoin is in a consolidation phase that could precede a significant breakout, with price targets reaching up to $20 and beyond in this cycle.

Symmetrical Triangle Hints at Breakout

XRP is currently consolidating within a symmetrical triangle pattern on the daily chart, a formation often preceding large directional moves. The current price hovers around $2.97, following a recent drop to $2.72 from a multi-year high of $3.66 on July 18.

Analyst XForceGlobal suggests that this pattern is typical of historical XRP cycles. Despite the recent volatility, they argue the macro trend remains bullish, stating in an X post that the $20 target remains intact.

> "This is just another period of distribution before one of the strongest moves to the upside," the analyst said.

Two Potential Scenarios for XRP

XForceGlobal outlined two likely paths:

1. Classic Distribution Phase – XRP is mirroring previous cycle behavior where a price drop precedes a major breakout, forming a new base of support.

2. Wave Theory Alignment – XRP is completing a flat correction between Waves 1 and 2, and may be preparing for a powerful Wave 3 surge.

In both scenarios, price projections fall within the $19–$30 range, signaling a strong conviction for a future bullish breakout.

Immediate Target: $4

Before reaching double digits, XRP must first clear resistance at the $4 psychological level. For that to happen, analysts say the coin needs a daily candlestick close above $3, which marks the upper boundary of the current triangle formation.

Veteran trader Matthew Dixon supports the bullish view, noting in an X post that the symmetrical triangle forms part of a broader Elliott Wave structure. He sees the pattern as a consolidation between Waves 3 and 4, with Wave 5 potentially pushing XRP to $4 and beyond in the short term.

XRP Market Outlook

While some short-term traders may be wary after the 22% pullback, market sentiment is still largely positive among technical analysts. Cointelegraph previously reported that a 30% drop in XRP’s open interest could signal a potential buy zone below $2.50, hinting at accumulation during this phase.

With multiple indicators aligning, the broader XRP market narrative continues to lean bullish—especially as institutional interest in altcoins remains strong in 2025.#Xrp🔥🔥 #

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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Always conduct your own research before making any financial decisions.#binancesquare @xforexs @undefined #altcoins $XRP