 ▲ XRP (XRP) |
XRP has broken above a multi-year symmetrical triangle pattern, entering what analysts describe as Phase 4 of a full-scale price uptrend, signaling the beginning of a powerful rally toward double-digit price levels.
According to crypto media outlet U.Today on February 26 (local time), a digital asset trader stated that XRP has begun the fourth wave of its current structure and could surge as high as $21.5 based on Fibonacci extension levels. This analysis is gaining traction as the broader cryptocurrency market, including Bitcoin (BTC), has halted its decline and successfully rebounded, with XRP leveraging this upward momentum to post solid gains.
The start of this fourth phase dates back to July 2024, when XRP broke out of a massive symmetrical triangle structure that had confined prices for years. At the time, XRP had fallen as low as $0.38, experiencing a severe downturn, but it subsequently staged a steady recovery, laying the foundation for its current strong uptrend. Experts believe the prolonged consolidation period has ended, and the asset has now entered an explosive phase in which exponential price appreciation could occur.
XRP is currently trading around $1.45, up approximately 6.90% over the past 24 hours, with a market capitalization of $88.53 billion. Bitcoin’s rise above $68,000 has further fueled risk-on sentiment across the market, lending additional support to XRP’s momentum. Notably, daily trading volume has surpassed $4.42 billion, reflecting active buying participation from both institutional and retail investors.
Technical analysts project that if XRP surpasses the $20 mark during this rally, it could rewrite the history of returns in the cryptocurrency market. Chart analysis using Fibonacci extension tools indicates that the final target of Phase 4, $21.5, is now within visible range and could be reached sooner than expected depending on the pace of liquidity inflows. The trader’s remark that “the real rally is just beginning” suggests the current advance represents not merely a short-term rebound but a major trend reversal.
As the institutional integration of the cryptocurrency market accelerates, XRP’s technical breakout is expected to become a key variable in determining future market leadership. However, the possibility of short-term corrections following sharp price increases, along with macroeconomic uncertainties, still remains. Investors should closely monitor whether key support levels are maintained. Attention is now focused on whether XRP, having entered Phase 4, can lead a historic bull market and set new all-time highs as global investors anticipate.
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