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[BUSINESS] · Türkiye · 2 sources

XRP technical patterns hint at possible 250% price surge

Analysts note that XRP has formed a falling‑wedge pattern, similar to one that preceded a rapid rise from $0.50 to above $1.50 in early 2024. Combined with a cup‑and‑handle structure, the setup could propel the token toward $1.50, $3.66 and even $14.10 if the price clears key levels around $0.90‑$0.95. Traders see the $0.95–$1.00 range as a psychological barrier; a break above could trigger momentum buying, while a break below would invalidate the patterns and expose downside toward $0.48.

At the same time, the token has fallen 71% from its four‑year cycle peak and is trading near $1.12. Recent monthly losses – 10.6% in January, 16.2% in February and 15.7% in the first week of June – have pushed XRP into oversold territory. Technical indicator RSI shows positive divergence, suggesting a short‑term rebound is possible, but analysts caution that the broader market structure remains bearish and a further 50% drop by the end of 2026 cannot be ruled out.

Sources

about 2 months ago
about 2 months ago