After four months of persistent sideways movement, XRP is poised for a significant turning point, according to leading technical analysis. Despite trading well below its all-time high of $3.65, a prominent analyst suggests the prolonged price correction is nearing its end, hinting at a substantial bottom for the cryptocurrency.
A Tight Range Signals Imminent Change
Crypto analyst Protector has closely observed XRP's daily chart for over a year, noting that the extended selloff from late 2025 through early 2026, labeled as "Wave C" of a larger corrective sequence, is now nearing or has reached completion. Over the past four months, XRP's price action has been confined within a narrow band, roughly between $1.30 and $1.70. This period of compression appears to be forming the latter stages of a descending triangle pattern, characterized by a series of lower highs since January 2026, while maintaining a relatively stable support floor between $1.28 and $1.31. Currently, XRP is trading at $1.43, sitting within this critical consolidation phase.
Two Paths, One Bottom: What's Next for XRP?
The analyst outlines two potential scenarios for XRP's immediate future, both converging on a crucial conclusion. The first path suggests that if the descending triangle pattern holds, it will culminate in a characteristic downside thrust below the $1.28 support level (the Wave (d) low). This would represent a final "shakeout" before a sharp and decisive reversal higher. The second possibility posits that XRP has already established its significant low. In this scenario, a breakout above the Wave (c) high would invalidate the triangle's structure, signaling an earlier conclusion to the corrective phase than the pattern initially suggested. Regardless of which path unfolds, Protector's overarching sentiment remains consistently bullish: "In either case I expect we are near a significant bottom." This analysis views the current price movements as mere "noise" within the broader context of an intact bullish structure for XRP, implying that a strong upward trajectory is on the horizon once this bottom is definitively established.
