Analyst Says This Long-Term XRP Structure Is Turning Heads

XRP trades at $1.14 right now, but a much bigger setup is developing. A falling wedge has formed on the monthly chart, and the asset sits right at its lower support line. It is close to the apex, and traders have seen this setup turn into a massive breakout before.

The Pattern Behind The Price

Crypto commentator XRP Update (@XrpUdate) shared the chart with a bullish call attached. The post states that XRP’s long-term structure is turning heads. It adds that the setup is getting interesting.

The chart is from Celal Kucuker (@CelalKucuker), another prominent analyst. It shows XRP compressing inside a falling wedge that started forming after the asset hit its all-time high of $3.65. However, this pattern is much older.

History Rhyming

The chart’s core argument rests on repetition. XRP already broke out of a similar compression pattern once, back in 2024. The asset spent over a year beneath a descending trendline and ended this consolidation phase with a massive 500% breakout at the end of the year.

The chart shows that the asset climbed 517.40% from its 2023 low before running toward its 2025 highs. The current wedge mirrors that structure almost exactly. If history rhymes, as the post suggests, the same mechanics could play out again.

A support trendline extends from 2023 through the current price zone, and a descending resistance line caps the highs since late 2024. XRP sits right where all these lines converge.

New All-time Highs for XRP

Three price levels stand out on the chart, tied to Fibonacci extensions. The first target sits at $4.10, close to the 1.272 extension level marked at $5.9777 on the chart’s own scale, though the post’s number reflects a tighter projection off the recent breakout structure.

The second target lands at $7.60, aligning with the 1.414 extension at $7.8844. The third and highest target reaches $11.80, near the 1.618 extension at $11.7356. An arrow on the chart also marks a specific projection of $7.8982 tied to the 517.36% figure, reinforcing the idea that this move could replicate the scale of the previous rally.

Where XRP Stands Now

At $1.14, XRP trades just above the 0.382 Fibonacci retracement level of $1.0542, which has acted as support. The chart also flags a nearby support zone at $1.0630. This puts the coin in a tight spot. A confirmed breakout above the wedge would validate the pattern. A breakdown below the support line could trigger a future decline.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on X, Facebook, Telegram, and  Google News

The post Analyst Says This Long-Term XRP Structure Is Turning Heads appeared first on Times Tabloid.