Ripple’s native XRP coin looks like it’s lined up for a major move. Amonyx, a popular technical analyst focused on XRP’s price charts, highlighted the multi-year ascending channel that has been established due to the OG coin’s price movement ever since 2014.
Bullish XRP Price Prognosis Gets a Dark Twist
If history repeats itself, the seasoned trader projects XPR reaching a double-digit price during the next bull cycle. However, the road to such a milestone is expected to be really bumpy. Judging from another XRP price analysis based on Elliott Waves, the current ‘D’ wave has enough potential for the XRP coin’s price to reach $5 during the cycle.
However, what comes next might raise some eyebrows. As pointed out by Chart Nerd, wave ‘E’, the fifth wave in the sequence that’s expected to complete this technical setup, has XRP’s price running all the way back to $0.70. This expected brutal corrective wave, acknowledged by Crypto Bull on X, could eventually result in price discovery, hitting the ultimate cycle goal of $27.
“Sounds like a path I’ve heard / seen before”, uttered Chart Nerd. Namely, XRP’s previous biggest breakthrough happened on July 18, 2025. Nearly a year ago, Ripple’s native coin was priced 36% higher than the current range of $1.36, while the pullback from the $3.65 all-time high now exceeds 63%, marking the most drastic downturn out of crypto’s TOP 5 largest assets.
What Is The Ultra-Fearful Market Telling Us?
Based on the weekly charts, XRP’s plunge below the current $1.34 support could push the OG altcoin down to $1.10 – $1.
This is plausible due to retail still mostly feeling ‘extreme fear’ at 8. On the other hand, if Ripple Labs keeps stacking regulatory wins, the fearful market sentiment could switch in a blitz.
That’s exactly what happened in late 2024, when XRP’s regulatory stance gradually shifted from ‘unregistered security’ to a legally-compliant crypto asset. Surely, with the Clarity Act now on the Senate’s table, the completion of this landmark bill by the end of March, 2026 would solidify the bullish thesis.
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People Also Ask:
A “giga green candle” refers to an extraordinarily large upward price spike on a candlestick chart, often signaling a massive bullish move.
The breakout highlighted in the attached TradingView chart and refs involves XRP escaping a multi-year descending channel on a log scale.
As pointed out in ChartNerd’s post, XRP hit $1.34 in November 2024 amid hype and greed, but in 2026, the same price level reflects fear due to market corrections, global events, or shake-outs.
Yes, some scenarios in the refs suggest a possible retest or dip to around $0.70 to shake out weak hands before climbing.
Crypto is dynamic; risks include further dips due to market sentiment, regulatory news, or broader economic factors.
