XRP traded relatively firmly on Monday after posting a strong rally over the past week, a move that has once again put the token in focus among technical analysts.
The renewed momentum has fueled speculation that XRP may be approaching a significant breakout point, even as its broader 2026 trend remains under pressure.
In a post published Friday, analyst Javon Marks highlighted a long-term bullish falling wedge on XRP’s chart and argued that the pattern could trigger a substantial continuation move if the token breaks above key resistance levels.
“XRP continues to near a key breaking point of a bullish falling wedge and sights remain on this breakout sparking a MASSIVE continuation towards a much larger measured move target at $15 and above!” Marks wrote “Structure wise, XRP can still have a more than 1,200% upside in the tank…”.
The accompanying chart highlighted XRP’s price history stretching back to 2014, including recent failed breakdowns and a zoomed-in view of the converging wedge pattern that analysts often associate with bullish reversals.
 
A move to $15 would represent a dramatic increase from current levels and would place XRP far above its previous all-time high. However, the projection remains a technical scenario rather than a confirmed market outcome.
Meanwhile, while Marks focused on the long-term structure, analyst EGRAG CRYPTO emphasized a much more immediate battleground around the $1.05 level. He described that area as the key zone bulls must defend in order to prevent a deeper decline.
According to EGRAG, XRP needs to hold above $1.05 and then recover through $1.083 before attempting to reclaim the $1.10 region, which now acts as resistance. If that recovery continues, he sees a more meaningful upside target around $1.30.
The analyst also warned that a decisive break below $1.05 could expose XRP to a move toward the psychologically important $1.00 liquidity zone.
Elsewhere, Mikybull Crypto argued that the current weakness may resemble the compressed trading structure that preceded XRP’s previous major rally. He compared the present setup with conditions seen two years ago, when the token traded in a tight range near $0.60 before eventually breaking higher and reaching a fresh all-time high within months.
“Before the last run, I screamed for you to buy at a crazy discount. The opportunity is presenting again,” he said.
Despite these optimistic chart interpretations, XRP has struggled throughout 2026. The token is down roughly 70% from its July 2025 peak of $3.84, reflecting a combination of macroeconomic uncertainty and fading enthusiasm around near-term catalysts.
Moreover, progress on the CLARITY Act has slowed which if passed, many believe could a boon for crypto prices, with disagreements over ethics provisions delaying further action in the Senate. At the same time, the Fed has kept interest rates unchanged for five consecutive meetings, and recent voting divisions have raised questions about the direction of policy later this year.
For now, traders are watching whether XRP can stabilize above the $1.05 area and challenge short-term resistance levels, while longer-term investors, meanwhile, are focused on whether textbook patterns can produce the kind of breakout that would shift XRP from a prolonged downtrend into a new expansion phase.
At press time, XRP was trading at $1.08, reflecting a 1.63% surge in the past 24 hours.
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