XRP is trading at around $2.07 following a weekly decline of nearly 8%. While short-term momentum remains weak, recent technical charts point to the possibility of a major price move. Analysts are watching key support and resistance levels, as well as long-term formations that could drive the next trend.
Technical Pattern Sets Potential $9.50 Target
A 2-week chart shared by analyst EGRAG CRYPTO shows XRP forming a Descending Broadening Wedge. This pattern tracks a series of lower highs and lower lows, often seen before high volatility. The current setup suggests a breakout is nearing. If the asset breaks above the upper trendline, the projected move could take it to $9.50 — a 360% increase from its current range. If the pattern fails and the price moves below support, the chart shows a downside target around $0.50.
#XRP – Descending Broadening Wedge:
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Analyst Rose Premium Signals posted a 2-day chart showing XRP bouncing off the lower trendline of an ascending channel. This level has held multiple times in recent months, and the asset has reacted strongly again. If the bounce holds, upside targets include $2.3, $2.6, $3, $3.57, and $4.1. The chart also outlines a possible short-term dip to the $1.5–$1.6 zone before a rally. One price projection on the chart points to a move as high as $4.87 over the next few months, depending on price stability and market strength.
Short-Term Resistance and Support in Focus
CryptoWZRD shared a daily outlook showing XRP trading below the $2.27 resistance zone. The asset is hovering just at $2.07, which is being tested as short-term support. A reversal from this area could trigger a move toward resistance. Both XRP and XRPBTC ended the day with bearish candles. With Bitcoin dominance showing signs of softening, analysts expect more random moves ahead of the upcoming weekly close in traditional markets. $2.00 is noted as the main downside support.
Meanwhile, short-term holders continue to sell. Analyst Steph Is Crypto reported a drop in the 6–12 month holding group from 26.18% to 21.65%. Around 140 million XRP were recently moved or sold by large wallets, based on data tracked by Ali Martinez.
Santiment data also shows that social media sentiment toward XRP has turned more negative. The platform reported that fear-driven commentary is now at its highest level since October.