XRP Chart Signals $4.80 Target, Breakout Imminent?

Key Insights:

• XRP forms a falling wedge pattern, suggesting potential breakout toward the $4.80 price target.
• Long-term chart points to higher levels, with possible extensions reaching up to $27 over time.
• Price trades below $2.89 moving average, showing near-term weakness unless key support levels hold.

XRP is showing a falling wedge formation on the daily chart, a pattern often seen before a breakout to the upside. The structure includes a sequence of lower highs and lower lows, with price compressing between two downward trendlines. This type of setup is watched closely by technical traders.

At the time of writing, XRP was priced at $2.84. The price recently moved away from the lower boundary of the wedge and is now approaching the upper resistance line. According to Smith, a breakout above this level could lead to a measured move of around 60%, bringing the projected price target to $4.80.

Monthly Chart Indicates Higher Targets

In a longer timeframe, XRP appears to have broken out of a symmetrical triangle pattern. The chart, shared by ChartNerd, covers several years of price action and includes key Fibonacci extension levels. These levels are used to estimate possible upside targets based on previous breakouts.

The chart identifies three zones of interest: $8.44, $13.62, and $27.10. The $27 level is described as a potential top target if momentum continues and market structure holds. A breakout zone and stop area are also marked, showing an attempt to manage risk alongside the setup.

Short-Term View Shows Pressure Below $2.89

On the lower timeframes, XRP has pulled back after failing to stay above the $2.95–$3.00 area. Price is now trading below the 30-period moving average, which sits near $2.89. This level is being watched as a short-term pivot that could signal either continued weakness or early recovery.

Tom Tucker commented,

 “A clean break under $2.80 could open $2.70; reclaiming $2.89 would hint at stabilization.” 

The Relative Strength Index (RSI) is around 45, showing reduced buying strength compared to earlier sessions. The support area between $2.82 and $2.84 remains active.

XRP is down 2% over the past 24 hours and has dropped 9% over the last seven days. The 24-hour trading volume is $7.88 billion. Market participants continue to monitor support and resistance zones as XRP holds just below key levels.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.