XRP’s Hidden Bull Run: The Technical Pattern Most Traders Are Missing

The XRP market is currently flashing a rare technical signal that historically preceded one of its most explosive price rallies. As analysts point out, a massive "falling wedge" has formed on the charts—a setup that previously triggered a triple-digit surge and a new price peak. While short-term volatility remains, the structure suggests that the cryptocurrency could be on the verge of a renewed parabolic phase.

The Echo of 2024’s Triple-Digit Rally

According to the crypto analyst known as Blacksea, XRP is mirroring a structural setup last seen during its significant 2024 breakout. During that period, the asset traded tightly within a falling wedge before a brief "false breakdown" marked a local bottom. This final shakeout acted as a launchpad, eventually resulting in a 600% surge that pushed the price past the $1.50 mark. Currently, XRP is showing similar signs of price compression, suggesting that a strong reversal could be imminent once the current downward pressure exhausts itself.

Cup, Handle, and the Path to $14

Beyond the wedge formation, other market experts are identifying even more ambitious long-term structures. Analyst Celal Kucuker has highlighted a developing "Cup and Handle" pattern, which often serves as a precursor to massive trend continuations. While Kucuker warns that a final correction toward the $0.90 or even $0.48 support levels could happen first, the ultimate target is staggering. By applying Fibonacci extension levels, the analysis projects a potential jump to $3.66, with an eventual cycle target reaching as high as $14.10—representing a rally of over 1,300% from former support areas.