XRP News Today: XRP Sees 58% Rally Potential as Rare Chart Pattern Emerges

A rare technical formation has emerged on the XRP chart, capturing the attention of seasoned analysts. According to Ripple Van Winkle, legendary chartist Peter Brandt has identified what he calls a “compound fulcrum” in XRP’s structure, an infrequent pattern that often precedes strong reversals. This development comes after months of poor performance for XRP, which previously attempted a bearish breakdown that ultimately failed. Now, with the compound fulcrum forming, Brandt believes that if XRP holds above the recent weekly low, it could mark a definitive market bottom.

The compound fulcrum is not a widely seen pattern, but Brandt views it as a signal that the downward trend may have ended. If price stability persists, he projects a potential rally toward $4.40. That figure represents an increase of approximately 58% for the asset. However, the analyst cautions that the pattern only holds if XRP remains above last week’s low, making that support level critical. Van Winkle noted that the failed bearish move earlier this year adds context to Brandt’s view. XRP appeared set for a prolonged decline, but reversed course. Failed bearish setups often turn into powerful bullish ones, separating this scenario from typical fluctuations.

He also highlighted Brandt’s emphasis that technical patterns are not rigid, but “morph” at times. This implies that a pattern that initially looks bearish can take on bullish characteristics when support is confirmed. Meanwhile, he recently predicted that XRP will soon blast off. The chart is currently showing exactly that behavior. While technicals are at the forefront of Brandt’s analysis, Ripple’s broader ecosystem may also be influencing sentiment. The company has seen growing interest in its payment solutions, and XRP’s utility within that framework continues to support its long-term value proposition. This underlying progress could provide additional tailwinds if a breakout materializes.

However, all of this hinges on a single price level, the recent weekly low. That’s the mark traders are monitoring closely. The asset closed that week at $2.2725, and slipping below it invalidates the setup. However, the asset is trading at $2.86, much higher than that level. With investors quietly accumulating tokens, the analysis suggests a rapid move toward $4.4, and other analysts are beginning to recognize the same pattern on the charts. Brandt predicts one of the biggest rallies in years and a new all-time high, and the digital asset could be entering a new phase of growth.