XRP rallied hard last week and traders are watching closely as technical analysts spot a potential breakout setup. Javon Marks flagged a long-term bullish falling wedge on the chart that could trigger a massive move if the token clears key resistance.
The target looks extreme. Marks sees a measured move toward $15 and above, which would dwarf XRP's previous all-time high and represent over 1,200% upside from current levels. That's still just a chart pattern though, not a guarantee the market will deliver it.
The immediate battle ground
While Marks zoomed out to the big picture, analyst EGRAG CRYPTO zeroed in on the next key hurdle. Right now it's $1.05. Bulls need to hold that level to avoid a deeper slide toward the psychologically important $1.00 zone. If they do hold it, the next targets are $1.083 and then $1.10, with a meaningful upside move potentially reaching $1.30.
Break below $1.05 decisively and the whole setup falls apart. Hold it and keep climbing, the picture shifts to something much more bullish.
Mikybull Crypto sees parallels to two years ago, when XRP got compressed near $0.60 before exploding higher to fresh highs within months. The current weakness, he argues, mirrors that setup. "The opportunity is presenting again," he posted, comparing today's tight trading structure to the conditions before that previous rally.
This material is for information only and should not be treated as financial advice or a recommendation to buy or sell any asset.
