XRP Price Forms Bullish Patterns Amid $20 Wedge Breakout Target

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.

SOURCE: X

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.

SOURCE: X

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.

SOURCE: X

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.

The post XRP Price Forms Bullish Patterns Amid $20 Wedge Breakout Target appeared first on CoinCentral.