Here’s How High XRP Can Reach After Recording This Similar Bullish Formation

A recent XRP price analysis has identified the emergence of an exceptionally bullish formation, potentially signaling a price surge.

XRP started 2026 with an impressive recovery run, soaring more than 31% from $1.83 on Jan. 1 to a peak of $2.41 by Jan. 6, as it erased the losses incurred in Q4 2025. However, XRP faced resistance at the $2.41 mark and has since corrected, down by more than 13% from this peak. 

Amid the current price condition, market analyst CryptoWZRD called attention to a structure similar to what XRP observed a year ago, before it witnessed a massive upward push. His recent commentary implied that, with a similar pattern playing out again for the altcoin, XRP could be on the verge of another explosive surge.

Consolidation Phase Builds Toward Breakout

For context, this pattern involves an extensive consolidation phase, which keeps prices muted for months, as XRP builds up momentum to record a massive rally. The pattern also features a falling wedge structure, which emerges when the consolidation phase comes close to an end, marking an impending breakout.

The last time this played out was in 2024, when XRP traded way below the $1 mark. Specifically, throughout 2024, XRP moved within a consolidation trend, locked between a $0.40 low and a peak of $0.75. All attempts at a breakout met resistance around $0.7, while the $0.4 region held as support, cushioning steeper declines.

This consolidation held for nearly a year, keeping momentum muted. However, in Q4 2024, XRP slipped into a falling wedge within the consolidation when it dropped from the $0.66 high in September. The falling wedge, which represents a bullish setup, endured until early November 2024, when XRP exploded on the back of the U.S. elections.

Following this explosion, XRP rose to a peak of $3.4 by January 2025. This represented a massive 580% rise from the breakout price of $0.5, making XRP one of the best-performing assets during the Trump-led market upsurge. 

XRP Repeating the Same Pattern 

CryptoWZRD believes the same consolidation pattern may now be playing out. Data from his chart shows that XRP has been consolidating between $3.6 and $1.6 since 2025. Interestingly, as the consolidation held, XRP entered another falling wedge structure after dropping from the $2.7 high in late October 2025. 

This falling wedge led to the consistent price collapse that XRP faced in Q4 2025, dropping 35% during this period. Notably, citing data from the previous consolidation phase, the appearance of the falling wedge structure suggested that the consolidation was coming to an end. 

This appears to now be playing out, as XRP recovered massively from the Q4 2025 downtrend, now up nearly 14% this year. Considering this pattern, CryptoWZRD questioned if history could repeat, leading to XRP replicating the November 2024 explosive run.

At press time, XRP currently changes hands at $2.1, looking to hedge against any steeper drop below the $2 psychological mark. If XRP replicated the 580% rally from the current price of $2.1, its value would skyrocket to $14.28.