The $26 XRP price target remains technically valid, says expert

XRP’s month-to-month chart stays structurally constructive regardless of final week’s sharp pullback, in line with impartial technician Charting Man (@ChartingGuy), who says the asset is “NOT bearish within the slightest.” His newest one-month XRP/USD chart on Bitstamp, recorded on October 14, exhibits the worth defending a key Fibonacci help cluster whereas repeatedly exploring resistance on the earlier all-time excessive.

XRP Bull Run to $26 Nonetheless Doable?

On the present month-to-month candle, The rejection zone is exact: a horizontal line marks the 1.000 Fibonacci retracement at $3.3170, which is according to the 2018 cycle peak and has capped off the previous couple of peaks in 2025. Slightly below that, the chart comprises a retracement band at 0.888 (about $2.96) that has acted as short-term resistance all through this three-month vary between about $2.10 – $3.30.

Under the worth, a confluence is constructing on the previous breakout shelf of the 2021 peak. A lime inexperienced field highlights the realm between $1.60 and $1.80, which instantly overlaps with the 0.786 retracement at $1.6125 and the 2021 congestion high. This band bottomed out final week to $1.58 and has served as a rallying level in current months for rebounds. The subsequent help step beneath is marked by the 0.702 at $1.2149, the 0.618 at $0.9153 and the 0.500 at $0.6149, delineating a transparent hierarchy ought to the market see additional volatility.

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The bullish extension framework in Charting Man’s structure is unambiguous. Above the all-time excessive at $3.3170, the chart exhibits consecutive Fibonacci enlargement targets at 1.272 = $8.2961, 1.414 = $13.3894 and 1.618 = $26.6304. These ranges chart a basic trajectory of measured strikes for a continuation of the development as soon as the worth reaches a decisive excessive timeframe near the earlier peak. In different phrases, the cycle roadmap stays intact so long as the month-to-month construction stays above the 0.786 stack and the ATH finally turns to help.

The market construction stays supportive

The analyst hyperlinks that graph to a broader market evaluation. “A lot [are] caught up within the every day value motion,” he posted on X, including that TOTAL2, TOTAL3 and high altcoins (ETH, As soon as that occurs with power, Altseason actually will get going. BTC.D tanks and shitcoins lastly get a bid.” In accordance with his XRP view, “one other main mistake” is the $3.3170 threshold.

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Technically, the setup is binary and well-defined on the month-to-month timeframe: continued protection of $1.60-$1.80 retains the upper-low construction of the uptrend intact, whereas a sustained break and shut above $3.3170 would verify the following leg in direction of the enlargement grid at $8.30, $13.39, and – on the formidable outer boundary of the cycle – the 1,618 mark close to $26.63. For now, XRP stays range-bound beneath ATH, however is supported by the identical zone that enabled its final breakout, simply as Charting Man’s chart depicts.

On the time of writing, XRP was buying and selling at $2.4655.

Featured picture created with DALL.E, chart from TradingView.com