XRP has been grinding sideways for the better part of four months within a narrow bandwidth, a far cry from the all-time high of $3.65. But one technical analyst believes that this long decline is almost over, that the decline is almost over, and so is XRP approaching a low point important enough to be of interest to traders.
A tight range showing late stage compression
Analyst Protector, post on Xhas been monitoring a key support zone on XRP’s daily chart for over a year. His reading is that the extended sell-off from late 2025 to early 2026, which is wave C of a broader corrective sequence, is complete or nearing completion.
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The proof lies in what has been quietly accumulated over the past four months of price action. XRP’s price action over the past four months has been limited to a narrow support band between around $1.30 and $1.70. This compression phase appears to form the final part of a descending triangle.
This descending triangle pattern is visible on the daily chart. XRP has made a series of lower highs since January 2026, while maintaining a relatively stable bottom around $1.28 to $1.31. At the time of writing, the XRP price is trading at $1.43.
According to the analyst, the move from the 2025 highs at $3.65 to this range is a completed Wave 2 or Wave B. in Elliott Wave terms. In addition, the analysis identified subwaves within the final part of the correction, and labeled them (a) through (e). The structure suggests that wave (e) is now underway, completing the triangle before a final thrust.
A final flush or has bottomed out Al Arrived?
Protechtor is careful to present two paths forward. If it is true that XRP is currently in the late stages of a descending triangle, then the first path that resolves the descending triangle is with a characteristic downward thrust. This will be a move below the low wave (d) at $1.28, which would mark a final shakeout before the price moves sharply higher.
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According to the analyst, such a move would significantly increase the chances of reaching the bottom, as triangles typically end with a fast thrust that is quickly recovered.
The second path is that XRP has already reached its significant low. A breakout above the wave high (c) would invalidate the triangle structure and imply that the corrective range ended earlier than the pattern would suggest.
Either way, the analyst’s conclusion boils down to the same goal: “In both cases, I expect we are close to a significant low,” he said. These ground projections are just noise in the context of a larger bullish structure that remains intact.
Featured image from Adobe Stock, chart from Tradingview.com