Technical analysis of Price action of XRP the three-week candlestick time chart shows that the cryptocurrency is about to go down a path the double figure threshold based on the long-term structure.
The analysis, which was shared on social media platform X alongside a multi-year chart, points to XRP trading in what is called Phase 4. Central to this setup is a clear technical target of a break above the previous all-time high and a run to at least $21.5.
Related reading
XRP Price Action in Phases
Technical analysis of XRP price action shows that the cryptocurrency has been trading in a series of four phases for over a decade. One full series of four phases unfolded between mid-2013 and mid-2017 as the basis for XRP’s initial rally to price peaks. Since then, a second set of four phases has developed, following a similar pattern.
Christmas During this time, XRP’s price action was trapped in the compression structure, much like the behavior observed during phase 3 of the first cycle.
XRP price chart. Source: @amonyx On X
Phase 4 returns: XRP to double digits
According to the technical analysis, Phase 4 began in 2025, when XRP finally broke above the compression range in mid-2024. This breakout was the same structural transition as mid-2017, when XRP exited consolidation and entered expansion.
Phase 4 has been in progress for several months and covers the period in which XRP rose to new all-time highs mid-2025, eventually reaching $3.65 in July. However, since that peak, XRP’s price action has been playing out a corrective downward trend and is down about 48% at the time of writing.
Despite the ongoing correction, the projection is that XRP is still in phase 4 and about to break soon to new all-time highs. This shows that phase 4 could unfold over a longer period of time and not with a single impulse movement. The current all-time high of $3.65 is the first major technical hurdle, and a break above that will serve as confirmation that XRP is back on the road to price discovery.
Related reading
Based on this technical analysis, the past expansion rates from the previous cycle are applied and a Fibonacci extension of 6.618 is measured from the phase 3 support layer. This points to an expected price level near $21.5. At the time of writing,
Featured image from Pexels, chart from TradingView