XRP News Today: XRP Technical Analysis Suggests 1200% Upswing

In a market often driven by momentum and speculation, technical patterns can offer a more grounded view of potential outcomes. One such pattern has been forming over several years for XRP. According to popular analyst Dark Defender, it may be approaching resolution. The analyst shared a detailed monthly chart of XRP, stating that “XRP is ready.” His chart was placed on a wall, suggesting XRP’s trajectory is a “writing on the wall.” The visual analysis suggests a bullish long-term setup, reinforced by a confluence of chart structures and Fibonacci targets.

The chart spans data from 2017 through to projections into 2026. It presents a classic rounding bottom formation, which is traditionally associated with accumulation and eventual breakout. This curvature has been forming for nearly eight years, and recent price action shows XRP challenging and breaking above a major horizontal resistance near $1.88. The analysis revealed that this level previously acted as a ceiling and has now flipped to potential support.

The analyst highlighted a “Coffee Cup Target,” a reference to the cup-and-handle pattern visible on the chart. Using this structure, a vertical measurement from the base of the cup to the rim at $1.88 projects a bullish target near the $23 mark. Other analysts have set similar targets for the digital asset, and Dark Defender’s analysis suggests that this is not a speculative level, but rather a technical projection based on established theory. The breakout above the neckline is supported by a downward trendline break marked in orange on the chart. This combination of multiple bullish patterns forms the basis of the analyst’s confident statement about XRP’s future.

To supplement the cup target, the chart also displays Fibonacci extension levels. The analyst highlighted specific targets at Fib—261.8% and 361.8%, which line up with $5.85 and $18.22. Fibonacci levels are commonly used in technical analysis to forecast areas of potential resistance or price reaction based on prior trend moves. Dark Defender has also highlighted these levels as potential targets on XRP’s journey to higher levels. Dark Defender’s chart presents a clear, technically grounded case for XRP’s bullish potential. If the asset holds above the broken resistance, technical momentum could carry it toward these long-range objectives.

XRP, the cryptocurrency associated with Ripple, has been the subject of considerable attention from analysts who believe the digital asset is poised for a significant upward movement. According to various market experts, XRP is showing signs of an impending breakout, with technical indicators and broader market dynamics aligning to suggest a major move could be imminent. One analyst shared a detailed monthly chart of XRP, stating that the cryptocurrency is "ready" for its next phase. The chart, which was placed on a wall, suggested that XRP's trajectory is a "writing on the wall," indicating a bullish pattern within an ascending channel. This pattern suggests that XRP could be preparing for an upward breakout, a sentiment echoed by other analysts who have identified similar technical signals.

The latest XRP price setup signals a violent upswing, with the cryptocurrency trading just above $2.20. Mounting technical signals and broader market dynamics are aligning to suggest that a major move could be imminent. This optimism is further supported by the fact that XRP has been consolidating above a key historical level for eight consecutive months, a fact that has resonated across the crypto space. This prolonged consolidation suggests a coiled spring preparing for release, with the market having re-evaluated the asset and converting long-standing resistance into solid support.

Despite these technical indicators, sentiment around XRP remains subdued. Many traders are skeptical, possibly due to the coin’s legal battle with the SEC. However, with the case moving close to resolution, the fundamental picture for XRP has never been clearer. The veteran trader’s warning couldn’t be more timely, as this may be the calm before an explosive storm. CrediBULL Crypto, a veteran crypto analyst, has ignited renewed optimism within the XRP community by asserting that traders are not bullish enough on the cryptocurrency. In a recent post, CrediBULL highlighted XRP’s strong and sustained technical positioning, suggesting that most traders are underestimating a potential massive move. XRP’s price action since rebounding from the $0.50 level has been clear and impulsive, indicating the start of a strong bullish trend. This impulsive move is rare in a market often characterized by erratic volatility, making XRP and Bitcoin the only major coins exhibiting such clean structures.

Since breaking above $0.50, XRP has shown disciplined, wave-based movements, suggesting accumulation rather than speculation. This behavior is not only bullish but also foundational, indicating that smart money could be positioning ahead of a major breakout that retail investors have yet to fully price in. XRP’s current location on the chart is also significant. The asset has spent eight months consolidating above its previous all-time high (ATH) monthly close, a level that capped XRP’s price during the 2017 bull run and the 2020–2021 cycle. This sustained price action above a former ATH monthly close signals that the market has re-evaluated the asset, converting long-standing resistance into solid support. For those still sitting on the sidelines or doubting the setup, the veteran trader’s warning couldn’t be more timely, as this may be the calm before an explosive storm. With technicals, sentiment, and fundamentals aligning, XRP is positioned for a potential breakout of historic proportions.