XRP Positioned for Major Movement, Say Analysts: Target Insights Ahead

XRP seems to be nearing a pivotal moment in both monthly and daily charts. Well-known analysts The Great Mattsby (Matt Hughes) and Charting Guy (@ChartingGuy) consider the current market framework as a volatility-compression setup that could lead to an upward movement if critical high-timeframe supports remain intact.

Key Takeaways:

Analysts highlight that XRP is on the verge of significant upward movement.
The price has shown a robust bounce off the 20-month moving average.
Key resistance levels identified include $2.08, $3.40, and ultimately targeting $8.
The current market structure is conducive to a potential breakout based on historical patterns.

XRP price news

XRP Set for Significant Movement

Mattsby emphasizes that XRP has maintained its long-term trend support and appears to be gearing up for an increase. He stated, “XRP had a perfect bounce off the 20-month moving average, while the upper and lower bands keep squeezing together—indicating it’s ready for its next significant move up.” He further remarked, “It’s surprising how many people are bearish right at major high-time-frame support levels.”

XRP bounces off the 20-month MA

According to the monthly chart, XRP is trading around $2.08629, positioned above the Bollinger basis near 1.89623. The upper band is noted at $3.57705, while the lower one is at $0.21541. The crucial observation here is the tightening band envelope, which Mattsby correlates with possible strong directional movements upon resolution.

Historical Patterns Suggest a Price Target of $8

Charting Guy’s daily chart outlines a Wyckoff-style structure, categorizing it as a re-accumulation phase that leads into markup.

XRP Wyckoff roadmap

The yellow projection indicates that XRP is still navigating through overhead supply, with the ~$2.08 area (marked by a blue horizontal line) acting as a crucial gatekeeper. This level needs to be decisively reclaimed and maintained during retests for the bullish momentum to remain valid.

Charting Guy also points out a descending channel, representing the “creek” structure that has characterized the current downtrend. He anticipates that XRP will rally toward the upper trendline resistance, followed by a controlled pullback—a test to verify whether there is sufficient demand and if sellers can push the price back into the previous range.

If the test proves successful (a brief dip below $2.08 would be acceptable), the analysis suggests looking for an “LPS” (last point of support), which indicates demand absorption through a higher low. Following this, the strategy anticipates “JATC” (jump across the creek), which represents a breakout through the channel, followed by “SOS” (sign of strength) toward the next key horizontal resistance around ~$3.40. Afterward, the chart would likely experience another pause and “LPS” beneath the ~$3.40 zone before the final upward movement accelerates towards the ~$8 region.

The bullish scenario outlined is contingent upon the successful flipping of sequential levels: first $2.08, then breaking the channel, followed by ~$3.40 and ultimately $8. According to the analyst, XRP is currently “following the path perfectly.”

As of now, XRP is trading at $2.13.

XRP price chart