Analyst: XRP Appears to Be Following Gold’s Multiyear 180% Rally — $8–$10 Targets for 2026
Analyst Steph is Crypto says XRP’s 2026 price action is beginning to mirror gold’s 2020–2025 breakout, suggesting a potential 230–310% rally to $8–$10 if the fractal holds. The comparison cites gold’s late-2022 breakout after a two-year consolidation and its subsequent roughly 180% surge to new highs. XRP recently broke a descending channel and rose nearly 30% in early 2026, prompting the bullish forecast. Key technical caveats: XRP remains below a long-term descending trendline and the 100-week exponential moving average (EMA). A decisive reclaim of the 100-week EMA and the trendline could open a move toward $3 (near the 1.618 Fibonacci level) en route to higher targets, while failure to hold current momentum risks a pullback to $1.61–$1.97. The article notes past bearish divergence in 2021–2022 that preceded an 85% correction, and cautions this setup could be invalidated if XRP cannot sustain reclaim levels. This analysis is not investment advice.
Bullish
The article presents a bullish technical narrative: XRP has broken a descending channel and shows price action that an analyst equates to gold’s prior consolidation-breakout fractal. If the pattern continues and XRP reclaims the 100-week EMA and the long-term descending trendline, momentum targets include $3 initially and upside extension to $8–$10 in 2026 — a material bullish scenario for traders. Historical parallels give context: gold’s ~180% post-breakout surge and XRP’s past countertrend rebounds after tests of the 100-week EMA. However, important bearish risks remain (price still below key trendline/100-week EMA and prior 2021–2022 bearish divergence that preceded an 85% correction). For traders this means: short-term opportunity on breakout follow-through (momentum trades, breakout entries, scaling into positions) but with defined risk — failure to reclaim the 100-week EMA likely triggers a pullback to $1.61–$1.97 and negates the larger fractal. The net impact is therefore bullish in scenario probability but conditional; traders should use tight risk management and watch reclaim of the 100-week EMA and trendline as confirmation.