Popular crypto trader Don believes the XRP price is much closer to a major breakout than most people think. Even with the recent pullback, he argues that XRP's chart structure points to an "easy" move toward $4 once the market catches the signal. The XRP price has spent the past few weeks holding above the key $2 support, even as it slipped 7% over the last week and 20% over the past month. Don sees this behavior not as weakness, but as a familiar setup that has led to big rallies in the past.
XRP Chart Analysis Reveals Descending Channel Pattern
Don’s analysis centers around a technical pattern: XRP has been moving inside a descending channel on the daily chart. This structure often appears during long periods of accumulation, where the price slowly drifts lower but never truly breaks down. The XRP price entered this channel after hitting its yearly high of $3.67 in July. Since then, it has formed lower highs and lower lows, including several fake breakdowns – such as the dip to $2.72 in August and the brief flash drop to $0.77 on Binance in October. Each time, XRP recovered and stayed within the channel. A few days ago, the price was rejected at the channel’s mid-range around $2.27 and is now drifting back toward the lower boundary. Don interprets this as part of the same buildup that occurred earlier this year, rather than a sign of weakness.
A widely followed crypto trader believes that XRP could easily soar to a new all-time high, providing historical context for this projected run. Specifically, Don shared this perspective in an X post, suggesting that XRP would defy current bearish trends. Although XRP has shown…
— TheCryptoBasic (@thecryptobasic) December 2, 2025
Historical Precedent for XRP's Potential Rally
To support his outlook, Don pointed to a similar market dynamic that occurred just months prior. From January to early July, XRP moved within an almost identical descending channel. After experiencing a significant rally of over 400% in November 2024 and continuing into early 2025, the XRP price cooled off and underwent a prolonged correction, trending downwards. Despite this correction, it remained within its descending channel, mirroring its current behavior. This structure eventually broke in early July. Following a close near the channel's upper boundary on July 8, XRP surged through resistance the following day. This breakout propelled the price from $2.31 to $3.67 in a matter of days. Don suggests that XRP is now following the same trajectory.
$4 Target Considered an "Easy" Price Point for XRP
According to Don, once XRP breaks out of the current descending channel, there is sufficient stored momentum to drive the price toward $4 without encountering significant resistance. From its current level around $2.01, this represents an approximate 99% gain. He also notes that $4 is among the more conservative price targets being discussed by analysts. Market analyst CasiTrades views $4.5 as the logical destination once the current consolidation phase concludes. Another prominent trader, Egrag Crypto, projects even higher potential, suggesting that a long-term breakout for XRP could lead it to $27 per coin once the next major wave commences. Don's perspective remains straightforward: the pattern is repeating, XRP has maintained its structural integrity, and the path for a breakout appears clear. The market's validation of this prediction will depend on XRP's price action the next time it approaches the upper boundary of the channel.