Xrp Price Shows The Same Pattern That Sparked A 650% Rally
- XRP is drawing renewed attention as its chart structure closely mirrors a formation seen in 2024, just before a sharp upward move.
- Analysts tracking the altcoin note that the current setup echoes the sequence that preceded that earlier 650% advance.
- At the time of writing, XRP trades near $1.40, up roughly 35% in a month.
- The token sits well below its 2025 peak near $3.65 but has rebounded from levels below $1.00 earlier this summer.
What Happened
Analysts interpret the outflow as a longer-term positive signal, consistent with accumulation in self-custody or demand for spot ETF products launched in late 2025.
Market Context
Additional bullish projections draw on Fibonacci levels. One analysis, from trader CW8900, notes that a recent correction bottomed near the 0.5 retracement and that price has since cleared the 0.618 level, with the next extension target cited near $2.13 at the 1.618 Fibonacci level.
Spot trading volume for XRP reached a six-month high in August 2026, with Binance alone recording more than $7.26 billion, while Upbit and Bithumb also showed elevated activity.
The dynamic is viewed as more relevant over extended horizons than for immediate price action.
The combination of a repeating technical pattern, elevated spot volume, declining exchange reserves, and mixed short-term structures creates a genuinely contested setup.
Historical pattern recognition can highlight possibilities, yet market conditions, broader crypto sentiment, and macroeconomic factors continue to shape actual outcomes.
The post XRP Price Shows the Same Pattern That Sparked a 650% Rally appeared first on BeInCrypto.
Why It Matters
The analysis frames this as a potential roadmap rather than a guarantee.
Not every outlook agrees, however. A more cautious reading from other analysts describes XRP as remaining inside a corrective pullback within the $1.10 to $1.38 support zone. In this view:
Details
XRP is drawing renewed attention as its chart structure closely mirrors a formation seen in 2024, just before a sharp upward move.
Analysts tracking the altcoin note that the current setup echoes the sequence that preceded that earlier 650% advance.
Why This XRP Setup Looks Familiar to Chart Watchers
At the time of writing, XRP trades near $1.40, up roughly 35% in a month. The token sits well below its 2025 peak near $3.65 but has rebounded from levels below $1.00 earlier this summer.
One technical view, shared by analysts, highlights that XRP has repeated the same pattern observed in 2024 immediately ahead of that rally. The token is outlining a sequence progressing from the $1.10 to $1.00 zone through successive targets at $1.30, $1.90, $2.80 and $3.40.
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The On-Chain Data and the Skeptics
Supporting data from on-chain metrics adds important context:
Roughly 500 million XRP left Binance during the same period, pushing monthly average reserves on the exchange down to levels last seen in early 2024.
The latest bounce still appears as a three-wave structure.
No confirmed low has been established yet.
The current recovery looks more like an incomplete recovery than the start of a sustained advance.
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Whether the 2024-style sequence reappears will depend on sustained buying interest and XRP’s ability to hold key levels in the weeks ahead.