The cryptocurrency has recently demonstrated increased buying interest, with momentum building after tracing key support levels. Analysts point to Wyckoff reaccumulation patterns and long-term Elliott Wave structures, suggesting that XRP may be preparing for a sustained bullish phase in the near term. Current trading sits around $2.15, up 2.86% in the last 24 hours, with a daily trading volume of 3.63 billion XRP, highlighting growing market activity.
Recent observations indicate that XRP/USD is tracing a Wyckoff reaccumulation pattern, a technical structure often interpreted as a period of strategic accumulation before upward movement. @ChartingGuy, a market analyst with a focus on XRP charts, notes: “$XRP is following the Wyckoff reaccumulation phases closely, with a spring low near $1.61 in late 2025. The pattern points to accumulation by smart money before a potential markup.”
XRP/USD traces a Wyckoff reaccumulation pattern, with a “spring” low near $1.61 signaling smart money accumulation before potential markup. Source: @ChartingGuy via X
It is important to clarify that “smart money accumulation” in this context refers to volume and price behavior suggestive of institutional buying, such as:
The Wyckoff phases observed include:
Price activity around $1.68 aligns with this structure, though a daily close below $1.60 could invalidate the pattern and suggest additional consolidation. Analysts now view a breakout scenario toward $2.80–$3 as a probabilistic, not guaranteed, outcome.
Long-term charts analyzed by @MaeliusCrypto apply an Elliott Wave count, mapping XRP’s historical price movements. Maelius commented, “Current price action is in the final stages of wave (4) within a larger impulse. Only one subwave remains before wave (5) could push XRP higher.”
XRP RSI signals a breakout in Q1, pointing to a potential upward price move with a conservative one-week count. Source: @MaeliusCrypto via X
The breakdown includes:
Wave I: Initial rise (2013 onward)
Wave II: Market correction
Wave III: Peak around $3.84 in 2018
Wave IV: Extended multi-year correction
The RSI (14-period) is testing a long-term descending trendline from the 2018 overbought peak. A breakout here, potentially in Q1 2026, could indicate a momentum shift. Conservative projections suggest XRP may initially target $2.80–$3, while more optimistic scenarios extend toward $10, but these long-term estimates are contingent on broader market health and Bitcoin’s trend. A failure to hold key support around $2.00 would invalidate the Elliott Wave setup.
TradingView analyst BTC-HONDA notes that XRP is forming a long-term falling wedge, characterized by declining volume and multiple breakout attempts. He observes, “The setup is remarkably clean. Price has teased upside potential several times, and a bullish resolution appears probable, especially if Bitcoin confirms strength.”
XRP forms a clean falling wedge, teasing $2.40–$2.80 upside, with BTC strength key to confirming the bullish breakout. Source: BTC-HONDA on TradingView
The wedge implies an initial target zone of $2.40–$2.80, with potential for higher gains if the broader crypto market strengthens. XRP’s near-term movement remains closely correlated with BTC performance, making confirmation from Bitcoin critical for sustaining any breakout.
XRP appears positioned for a potential breakout, supported by Wyckoff reaccumulation, Elliott Wave patterns, and a falling wedge. The technical structure suggests accumulation and a higher probability of upward momentum, but market conditions, Bitcoin performance, and regulatory developments remain critical factors.
XRP was trading at around 2.15, up 2.86% in the last 24 hours at press time. Source: XRP price via Brave New Coin
Short-term projections point to $2.80–$3, while long-term scenarios could extend toward $10, contingent on favorable conditions. Traders and investors are advised to monitor volume expansion, daily closes, and key support/resistance levels to gauge the validity of these setups and manage potential risks effectively.


