$XRP XRP’s long-term outlook is still looking strong, with many analysts pointing toward a potential cycle peak that could go above $20. Right now, the price is consolidating inside a symmetrical triangle on the daily chart, which usually hints at a breakout. If this pattern holds, the near-term target sits around $4.
Recently, $XRP corrected by 22%, dropping from its July 18 multi-year high of $3.66 down to $2.72, but it has since recovered and is trading close to $3 again. Analyst XForceGlobal believes XRP’s major cycle target is still $20, though the $4 level remains a big psychological resistance zone.
Two possible scenarios are in play. The first mirrors past cycles where $XRP experienced steep pullbacks before setting up a new breakout. This time, after nearly a 50% drop from the January 16 high of $3.40, the coin bounced back to test $3.66 again, suggesting another distribution phase is forming before the next rally.
The second scenario shows XRP continuing its sideways phase between Wave 1 and Wave 2, preparing for a massive Wave 3 move upward. Both cases point to a major bullish breakout ahead, with potential targets stretching between $19 and $30. Importantly, there are no strong signals pointing to a large sell-off.
At present, XRP needs a daily close above $3 (the triangle’s upper boundary) to confirm the breakout. Once that happens, the next key resistance is the eight-year high of $3.66. Breaking that level would open the door for the $4 mark—a 34% jump from current levels.
Veteran trader Matthew Dixon also supports the triangle analysis, seeing it as part of a distribution between Waves 3 and 4 before the next big Wave 5 surge. Short-term targets on multiple technical charts range from $4.40 to $6.
⚠️ Disclaimer: This is not financial advice. Always do your own research and assess the risks before making trading decisions.
