XRP Signals Potential Price Move in 2026

What to Know:

• XRP is defending its 2021 highs, a pivotal support level that could trigger a substantial rally.
• Technical analysis reveals a multi-year symmetrical triangle breakout, suggesting long-term upside potential.
• Maintaining key support levels is crucial for XRP to sustain its bullish momentum and attract institutional interest.

XRP’s price action has been closely watched as it hovers near its 2021 peak, a level now acting as critical long-term support. This defense could be the foundation for a significant move, potentially setting the stage for a rally in the coming years. Analysts are eyeing key technical patterns that suggest substantial upside, provided XRP holds its ground.

Why the 2021 Highs Matter

The $1.90–$2 region, which marked XRP’s 2021 high, previously acted as major resistance. Now, this level has transformed into long-term support. As long as XRP remains above this zone, the bullish market structure remains intact. This is a crucial area to watch, as sustained levels above this range could signal a new phase where corrections are less severe, and upside momentum gradually builds.

XRP’s Multi-Year Symmetrical Triangle

A multi-year symmetrical triangle has been forming since XRP’s previous cycle peak. This pattern reflects years of price compression, characterized by lower highs meeting higher lows. ChartNerd’s analysis suggests XRP has already broken out of this triangle to the upside, which is often a precursor to extended upward movement. Using Fibonacci extension levels, potential long-term targets include $8, $13, and an ambitious $27.

2026 as a Potential Breakout Year

Market watchers are speculating that 2026 could be a pivotal year for XRP, potentially marking a new all-time high. However, this bullish outlook hinges on XRP maintaining support above its 13-month moving average. Should XRP breach this level, the bullish scenario would be invalidated. The ability to stay above the 2021 highs keeps the long-term bullish outlook alive, suggesting a major move could be on the horizon.

Triple Bottom Formation

EGRAG, another analyst, recently pointed out a “pattern within a pattern” for XRP, highlighted by a Triple Bottom formation. This classic reversal pattern indicates significant buyer strength and the potential for a breakout. The Triple Bottom is nested within a broader consolidation phase, supported by long-term moving averages and rising channels. Fibonacci analysis suggests potential targets at $9.28 and $31.65, implying substantial gains from current levels.

Critical Support Levels

While the bullish outlook is compelling, it’s essential to acknowledge the downside risks. The bullish case remains valid as long as XRP stays above its key support levels. However, a break below this support could trigger a decline toward $0.50, according to some analysts. Monitoring these levels will be crucial for assessing XRP’s trajectory.

Overall, XRP’s ability to defend its 2021 highs is a critical factor for its long-term prospects. Technical analysis suggests significant upside potential, but maintaining key support levels is paramount. As the market evolves, keeping a close eye on these technical indicators will be essential for navigating XRP’s future price action.

Related: Crypto Liquidity Signals Bitcoin, Ethereum Stalling

Source: Original article