A renowned market analyst presented arguments for XRP to approach a new all-time high, highlighting that the current price behavior supports a strong rise, despite the recent drop.
Analyst Don shared this view on XRP, stating that the long-term structure of the asset remains constructive, even though it has dropped approximately 1.4% in the last week and 13.68% in the last month.
The market structure suggests a pre-breakout phase.
Don's analysis focuses on a visible formation in the daily chart of XRP. According to him, the asset has been consolidating within a descending channel, a pattern that historically precedes upward expansions for XRP. This structure began to form after the peak in July, near $3.67, followed by a sequence of lower highs and lows.
Although the asset has shown several moments that seemed to signal a breakout, such as the August low around $2.72 and a brief drop to $0.77 on Binance in October, driven by liquidity, XRP has consistently regained its structure and maintained support along the lower boundary of the channel.
The latest rejection at approximately $2.27 caused XRP to drop again, positioning it for another test of the support zone.
Don considers this consolidation as part of a typical accumulation cycle. His argument is based on the idea that prolonged compression within a defined range historically preceded strong momentum shifts for XRP, especially when similar patterns appeared early in the cycle.
Analysis of previous market behavior
A similar technical setup occurred earlier this year. Between January and early July, XRP traded within another descending channel after reaching a local high near $3.40. This high followed a significant appreciation at the end of 2024, after which the market entered a corrective period.
During this initial consolidation period, XRP repeatedly tested the limits of the channel but maintained its overall structure. As the asset approached the resistance line in early July and stabilized near that area, it exhibited a notable breakout.
A modest appreciation on July 9 triggered a rapid rise, pushing the price from about $2.31 to $3.67 in a short period. Don believes the current market cycle closely mirrors this previous movement and could produce a similar reaction once XRP tests the upper line of the current channel.
Analysts point to possible targets beyond $4
Don considers $4 a simple and conservative milestone, once a breakout occurs. Starting from the current price range around $2.15, this would represent an approximate doubling of value. Other analysts share similar expectations. He anticipates that once XRP exits its consolidation phase, it could advance toward the $4.50 region.
A more aggressive projection comes from Egrag Crypto, which argues that a successful high may not be limited to $4 and could extend to significantly higher valuations, including levels close to $27.
The prevailing analysis suggests that XRP continues to form a consistent technical base with historical patterns that preceded sharp upward movements. Although no projection is guaranteed, several analysts agree that a breakout from the current channel could bring the $4 range within reach.
A greater appreciation will depend on market conditions, the current momentum, and whether investors interpret the breakout as a signal for greater accumulation.
Reminder folks, that nothing stated here represents a recommendation to buy, sell, or hold assets.
Thank you all!
