XRP shows signs of breaking out of its range… "Room to rise to $4"

XRP is back in the spotlight as it shows the potential for a trend reversal after a prolonged range-bound move. Technical analysts say that depending on whether key resistance is broken, a medium-to-long-term bullish scenario could open up.

According to NewsBTC on the 24th (local time), some traders recently assessed that XRP’s chart is displaying a price pattern similar to past bullish reversal phases. While XRP has posted a modest rebound on a daily basis, it remains in a bearish trend on a weekly basis.

DonWedge, an analyst active on TradingView, shared a 12-hour chart and said that "XRP looks good." He explained that similar price action has been repeating within a descending channel, and that the current move resembles a prior bullish reversal phase.

DonWedge cited a past case in which XRP, after a sharp surge, went through a gradual decline for about half a year before staging another strong rebound. He noted that the recent low is forming near the lower end of the existing price range, analyzing it as "a sign that selling pressure is gradually easing."

In the market, a multi-month trendline resistance near $2.10 is being cited as a key inflection point. DonWedge projected that "if XRP breaks above that resistance with volume, there is room for it to rise to $4." However, he added that "a breakout without volume confirmation could end in failure."

Another market analyst, ChartNerd, forecast that 2026 will be a critical year that determines XRP’s direction. He said, "Since the macro breakout in Q4 2024, XRP has been building an accumulation range for more than a year above the 2021 peak," adding, "2025 was a consolidation phase, and 2026 will be the year that determines the trend."

ChartNerd stressed that "price compression usually leads to expansion." XRP is currently trading around $1.90, and the market sees whether it can break above $2.10 and the trajectory of trading volume as key variables for a potential trend reversal going forward.