XRP Chart Pattern Resembles 2024 Setup Ahead of Sharp Rally
Swan.my.id - Jakarta, the XRP chart pattern is drawing renewed attention after analysts identified similarities with the structure seen in 2024, shortly before the token recorded a sharp rally.
Several analysts observing the altcoin say the current sequence resembles the pattern that preceded XRP’s previous 650% increase. However, they present the comparison as a possible roadmap rather than a guaranteed forecast.
At the time of publication, XRP traded around US$1.40, representing an increase of about 35% over one month. The token remained well below its 2025 peak near US$3.65, although it had recovered from levels below US$1.00 earlier in the summer.
Why the XRP Chart Pattern Looks Familiar
One technical view highlights a sequence that appears similar to XRP’s movement in 2024. The pattern began with a move from the US$1.10 to US$1.00 zone before pointing toward successive levels near US$1.30, US$1.90, US$2.80, and US$3.40.
Analysts following this structure view those levels as potential stages in a broader price roadmap. The sequence does not confirm that XRP will reach every target, because market conditions can change before the pattern develops further.
A separate bullish projection uses Fibonacci levels to support the case for additional upside. Trader CW8900 said the latest correction reached a low near the 0.5 retracement level, while XRP later moved above the 0.618 level.
Under that analysis, the next extension target sits near US$2.13 at the 1.618 Fibonacci level. The projection remains dependent on XRP maintaining its recovery and holding important technical areas.
On-Chain Data Adds Support to the Bullish View
On-chain metrics provide additional context for analysts studying XRP’s potential direction. Spot trading volume reached a six-month high in August 2026, with Binance recording more than US$7.26 billion. Upbit and Bithumb also showed increased activity during the same period.
At the same time, approximately 500 million XRP moved out of Binance. The exchange’s average monthly reserves consequently fell to a level last seen in early 2024.
Some analysts interpret the decline in exchange reserves as a positive long-term signal. In their view, the movement may align with accumulation in private wallets or demand connected to spot exchange-traded fund products released in late 2025.
These developments may carry greater relevance for long-term price behavior than short-term market movements. Nevertheless, declining exchange balances do not by themselves guarantee a sustained rise in XRP.
Skeptics Point to an Incomplete Recovery
Not every analyst agrees with the bullish interpretation. A more cautious analysis places XRP within a corrective phase, with the token trading around a support zone between US$1.10 and US$1.38.
From this perspective, the recent rebound still follows a three-wave structure. The analysis also states that a definitive price bottom has not yet been confirmed.
As a result, the current recovery may represent an incomplete rebound rather than the beginning of a sustained uptrend. This view leaves open the possibility that XRP could require more consolidation before establishing a clearer direction.
Key Factors That Could Shape XRP’s Next Move
The current debate combines several signals. The repeated technical structure supports a bullish scenario, while higher spot volume and lower exchange reserves provide additional context for potential long-term demand.
However, the short-term structure remains mixed. XRP still needs to maintain key levels and attract sustained buying interest for the pattern to develop in a way that resembles the 2024 sequence.
- The token traded near US$1.40 at the time of publication.
- XRP gained about 35% over one month.
- Spot trading volume reached a six-month high in August 2026.
- Approximately 500 million XRP left Binance during the same period.
- A Fibonacci-based analysis identified a potential target near US$2.13.
- A cautious view placed support between US$1.10 and US$1.38.
Broader crypto market sentiment and macroeconomic conditions will also influence the outcome. Therefore, the historical comparison should be treated as a scenario rather than a prediction with a certain result.
What Could Confirm or Weaken the Setup?
Continued buying interest could strengthen the argument that XRP is following a path similar to its 2024 structure. Holding the relevant support levels would also help maintain the bullish interpretation.
On the other hand, a failure to defend those areas could weaken the setup. A deeper correction or continued three-wave recovery would support the more cautious view that the market has not yet confirmed a durable bottom.
Ultimately, whether the 2024-style sequence repeats will depend on XRP’s ability to hold key levels over the coming weeks. The technical pattern offers a possible framework, but actual market performance will depend on demand, crypto sentiment, and broader economic factors.
Kesimpulan
The XRP chart pattern resembles a structure that appeared before the token’s major 2024 rally. Strong trading volume, declining exchange reserves, and Fibonacci projections support the bullish case, while a corrective short-term structure keeps the outlook uncertain.
For now, analysts remain divided. The next few weeks may show whether XRP can sustain its recovery and turn the historical comparison into a developing trend.
