Analysts call XRP price explosionas the structure of the cryptocurrency market and the re-emergence of historically reliable technical patterns support this bullish view. Although XRP is compact a short iteration in early 2026its price has since recouped some of those gains and is now trading just above $2.0. Nevertheless, analysts remain optimistic about XRP’s near-term growth and have identified a key setup that could trigger the expected surge.
XRP Price Prepares For Big Breakout
Market expert CRYPTOWZRD has shared new technical analysis of XRP, which points to a general setup that led to the explosive price increase. He said XRP has spent more than a year side tradingbuilding a foundation that is almost like the pre-meeting stage.
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This sideways behavior precedes a sharp vertical breakout in time 2024 bull cycle. CRYPTOWZRD noted that the current market structure reflects this setup, suggesting that history may repeat itself if conditions align. His chart supports this view by showing XRP locked in a wide horizontal range for a long time.
In the past, the price of XRP has bounced repeatedly between the clearly defined yellow support zone and the red resistance bands, confirming distance-bound behavior and accumulation. On the chart, the historical breakout appears as a strong, bearish upside following XRP’s retest of support and the invalidation of the previous decline.
After its first price rally in July 2024, XRP entered a higher phase near the upper red resistance. After failing to hold those highs, the cryptocurrency saw a sharp pullback described as a “quick dump,” which sent prices back to a key support area in the following month. It is interesting that XRP started trading within a descending channel after pulling back. When the price broke the upper border of the channel, it started a strong rally, pushing XRP forward since about $0.5 to over $2.
A similar descending channel is now visible in XRP’s current market structure, which reinforces the analyst’s view that another parabolic move could be seen. In this setup, XRP has already broken above the upper boundary of the channel, and now its price is expected to move to the red resistance bands placed between $3.4 and $3.7.
Analyst Warns XRP Must Clear $2.26 Or Risk Another Drop
Commenting on the current price action, crypto analyst ChartNerd he warns that XRP could see another price correction if it fails to break and hold above the $2.26 support level. According to experts, the 20 weekly Exponential Moving Average (EMA) and the average reversion band the Gaussian Channel they act as resistance.
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The chart also shows these indicators converging on the support level of $2.26, strengthening the barrier XRP has to overcome. A failure to exceed this standard could cause the price to move back to multi-month support near $1.9, where a low could form if buyers enter.
The featured image was created with Dall.E, a chart from Tradingview.com
