Analyst: XRP Nears Major Breakout After Long Wedge Consolidation
Crypto analyst CryptoBull highlights a recurring pattern in XRP’s weekly chart: extended consolidations inside large wedge formations followed by sharp upward rallies. Historical wedges since 2014 preceded XRP’s biggest bull runs, including the 2017–2018 surge to $3.36 and the post-2024 breakout that led to a 500%+ rise and a July 2025 peak near $3.65. CryptoBull argues XRP has entered another wedge and is approaching the apex, implying an imminent explosive move if price breaks sustained long-term resistance. No firm price target was given. The analyst’s view aligns with broader market expectations that XRP could rally sharply in 2026, but legal, macro, or momentum risks could alter outcomes. This is informational and not financial advice.
Bullish
The analyst’s case is bullish because it identifies a repeating technical pattern—extended wedge consolidations resolved by strong upward moves—that historically preceded XRP’s largest rallies. The recent 2024 breakout and 2025 peak show the pattern can lead to rapid, large percentage gains; CryptoBull’s chart places price near the apex of a new wedge, implying a breakout could be imminent. For traders, a confirmed daily/weekly close above long-term resistance and increased volume would be the bullish trigger to target momentum trades or add to positions. Short-term, volatility should rise around any breakout attempt; stop-losses and position sizing are crucial. Long-term, a sustained breakout would signal structural strength and could attract larger institutional flows (e.g., ETFs), reinforcing an extended uptrend. Risks that temper the bullish view include adverse legal developments, macro downturns, or failure to hold breakout levels—each could produce false breakouts and rapid retracements. Historical parallels: the 2017 wedge break and the post-2024 breakout both led to prolonged bull runs, suggesting the pattern has predictive value but not certainty.