Get Ready For An XRP Price Explosion Once This Happens; Analyst
Alex Smith
2 months ago
Analysts are calling for an XRP price explosion, as the cryptocurrency’s market structure and the reappearance of historically reliable technical patterns support this bullish outlook. Although XRP experienced a brief rebound at the beginning of 2026, its price has since given back some of those gains and is now trading slightly above $2.0. Nevertheless, analysts remain optimistic about XRP’s near-term growth and have identified a key setup that could trigger the anticipated surge.
XRP Price Prepares For Major Explosion
Market expert CRYPTOWZRD has shared a fresh technical analysis of XRP, pointing to a familiar setup that previously led to an explosive price surge. He stated that XRP has spent more than a year trading sideways, forming a base that closely resembles an early pre-rally phase.
This sideways behavior had preceded a sharp vertical breakout during the 2024 bull cycle. CRYPTOWZRD noted that the current market structure mirrors this setup, suggesting that history may repeat itself if conditions align. His chart supports this view by showing XRP locked in a broad horizontal range for an extended period.
In the past, XRP’s price repeatedly bounced between a clearly defined yellow support zone and red resistance bands, confirming range-bound behavior and accumulation. On the chart, the historical breakout is visible as a strong, impulsive upward move that followed XRP’s retest of support and the invalidation of the previous downtrend.
Following its initial price rally in July 2024, XRP entered a topping phase near the upper red resistance area. After failing to hold those highs, the cryptocurrency saw a sharp pullback described as a “quick dump,” which drove prices back toward a key support region in the next month. Interestingly, XRP began to trade within a descending channel after the pullback. Once the price broke the channel’s upper boundary, it triggered a powerful rally, propelling XRP from approximately $0.5 to over $2.
A similar descending channel is now visible in XRP’s current market structure, reinforcing the analyst’s view that another parabolic move may be unfolding. In this setup, XRP has already broken above the upper boundary of the channel, and now its price is expected to push through the red resistance bands positioned between $3.4 and $3.7
Analyst Warns That XRP Must Clear $2.26 Or Risk Another Drop
Speaking on current price action, crypto analyst ChartNerd warns that XRP could see another price correction if it fails to break and hold above the $2.26 support level. According to the expert, both the weekly 20 Exponential Moving Average (EMA) and the middle regression band of the Gaussian Channel are acting as resistance.
The chart also shows these indicators converging at the $2.26 support level, strengthening the barrier XRP must overcome. A failure to break above this level could cause the price to retrace back toward multi-month support near $1.9, where a higher low could form if buyers step in.
Related Articles
WLD Slides To New Lows As World Foundation Offloads $65M
A massive token unlock scheduled for late July could make things worse. Related...
Here’s Why Bitcoin Investors Must Protect Key $60,490 Level – Analyst
Joao Wedson, popular market analyst and founder of analytics platform Alphractal...
Bitcoin ETFs Pull In $56B As CEO Pitches Crypto Over Gold
Institutional money has been pouring into Bitcoin at a scale that would have see...
Bitcoin Price Holds Above STH Realized Price As Selling Pressure Thins Out – Details
Bitcoin continues to move within the $66,000 range following the corrective wave...