Analysts are calling for an XRP price explosionas the cryptocurrency market structure and the return of historically reliable technical patterns support this bullish outlook. Although XRP is experienced a brief revival in early 2026The stock has since given back some of those gains and is now trading just above $2.0. Nevertheless, analysts remain optimistic about XRP’s near-term growth and have identified a key setup that could drive the expected surge.
XRP Price Prepares for Big Explosion
Market expert CRYPTOWZRD has shared a fresh technical analysis of XRP, pointing to a well-known setup that previously led to an explosive price increase. He stated that XRP has lasted more than a year trading sidewaysand forms a base very similar to an early pre-rally phase.
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This sideways behavior preceded a sharp vertical breakout during the 2024 bull cycle. CRYPTOWZRD noted that the current market structure reflects this setup, suggesting that history could repeat itself if conditions match. His chart supports this view by holding XRP in a wide horizontal range for an extended period of time.
In the past, the price of XRP repeatedly bounced between a clearly defined yellow support zone and red resistance bands, confirming this range-related behavior and accumulation. On the chart, the historic breakout is visible as a strong, impulsive upward move that followed XRP’s renewed test of support and the reversal of the previous downtrend.
After the initial price surge in July 2024, XRP entered a top phase near the upper red resistance area. After failing to hold these highs, the cryptocurrency saw a sharp pullback described as a “quick dump,” pushing prices back toward a key support area the following month. Interestingly enough, XRP started to do that trade within a descending channel after the withdrawal. Once the price crossed the upper limit of the channel, it caused a powerful rally, driving XRP out of the channel about $0.5 to more than $2.
A similar descending channel is now visible in XRP’s current market structure, reinforcing the analyst’s view that a new parabolic move may be unfolding. In this setup, XRP has already broken above the upper limit of the channel, and now the price is expected to push through the red resistance bands between $3.4 and $3.7.
Analyst warns that XRP must clear $2.26 or risk another decline
Crypto analyst ChartNerd speaks about the current price action warns that XRP could see another price correction if it fails to hold above the USD 2.26 support level. According to the expert, both the weekly 20 Exponential Moving Average (EMA) and the middle regression band of the Gaussian Channel act as resistance.
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The chart also shows these indicators converging at the $2.26 support level, strengthening the barrier that XRP needs to overcome. A fails to rise above this level could see the price return to multi-month support near $1.9, where a higher low could form if buyers intervene.
Featured image created with Dall.E, chart from Tradingview.com