XRP Price Prediction: Descending Channel Nears Breakout Toward $4 Target

2026-02-26 06:24:41

XRP has been grinding lower for the better part of seven months, trapped inside a descending channel that has wiped out roughly $101 billion in market capitalization since October 2025. But chart patterns like this rarely last forever - and right now, XRP is pressing against the walls of that structure in a way that has traders paying close attention.

$101 Billion Lost - and a $4.04 Target in Sight

The technical picture is straightforward. XRP’s chart shows a classic descending channel: declining highs, lower lows, and price action compressing toward the apex of the formation. As multi-month descending channel breakout scenarios have shown in previous analyses, this kind of compression typically precedes a volatility expansion - in either direction.

Currently trading near the lower boundary around the $1.30 region, XRP’s measured move projection points to approximately $4.04 if a breakout materializes above descending resistance. That would represent a significant recovery from current levels and a new all-time high for the asset.

History adds some weight to the bull case. The last time XRP broke out of a similar structure, it surged toward its $3.66 all-time high - a move that few anticipated in advance. Of course, not every breakout follows the same script. As bearish channel structures threatening further downside have also been flagged, a failure to break higher could extend the corrective phase and put additional pressure on price.

What Traders Are Watching Now

Still, the structure itself is what matters most at this stage. Prior technical work tracking how XRP respecting descending channel resistance levels has defined price behavior for months - and a confirmed break above that line would mark the clearest shift in technical structure since the downtrend began. Until that happens, the channel remains intact and the range stays in play.

XRP-5,42%

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