XRP’s (XRP-USD) recent slide has shaken out some traders, but analysts say the broader cycle remains bullish. The token may still be in a consolidation phase that sets the stage for higher levels, with short-term targets near $4 and longer-term calls as high as $20.
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XRP’s Macro Bullish View Holds Firm
XRP has been moving inside a symmetrical triangle, a pattern that often precedes big breakouts. Analyst XForceGlobal argues the price action looks more like consolidation than collapse. In their view, the “distribution” period is simply the market reshuffling before the next push higher.
The analyst pointed to past cycles where similar pullbacks led to powerful upside moves. Even with resistance around $4, they see no technical signals pointing to a deeper breakdown. Instead, they suggest two possible paths: a direct breakout from here or more sideways chop before a larger rally. In both cases, the longer-term target stays in the $19–$30 zone.
$4 Breakout Remains the Near-Term Focus
On the shorter time frame, the focus is whether XRP can close above $3 and confirm a breakout from its triangle. A move through $3.66, the recent multi-year high, would be needed to open the way to $4 and beyond.
Veteran trader Matthew Dixon shares a similar view, describing the current structure as a holding phase before a fresh advance. Charts he shared show the token moving toward $4 once buyers reclaim control. Other analysts have mapped short-term targets in the $4.40 to $6 range, reinforcing the case for continuation.
Traders Watching for Confirmation
XRP is not done yet. The near-term battle is at $3 and $3.66, which bulls need to clear before momentum can drive a new leg higher. If that happens, the charts suggest $4 is the immediate stop and $20 still sits ahead as the cycle’s main target.
At the time of writing, XRP is sitting at $3.0148.
