A strong technical analysis suggests that XRP may break out from the end of a months-long descending channel structure, renew its all-time high, and reach the $4 milestone.
According to cryptocurrency media outlet The Crypto Basic on February 26 (local time), despite the virtual asset market suffering a severe downturn that has wiped out $2.1 trillion in value since October 2025, XRP is attempting to break above the upper boundary of its descending channel. Over the past seven months, XRP has formed a descending channel pattern moving between two parallel downward trendlines and is now positioned near the channel’s apex, increasing the likelihood of an upside breakout more than ever. Experts predict that if this breakout succeeds, XRP could record a new all-time high of $4.
Market analyst and trader Don Wedge examined XRP’s current technical structure, highlighting two descending channels formed since January 2025 on the three-hour chart. After plunging from its July 2025 peak of $3.6, XRP has been trapped in a classic descending channel marked by lower highs and lower lows. Currently trading around $1.37, approximately 62% below its July high, XRP has confirmed strong support near the lower boundary of the channel and is consolidating energy for a rebound.
Historical data shows that XRP has previously experienced explosive price increases following breakouts from descending channels. In early 2025, after forming a similar pattern, XRP successfully broke upward near $2.2 in late June and rapidly surged to $3.6, setting a new all-time high. Wedge anticipates that XRP could break above the channel again around the $1.7 level and potentially achieve the $4 target with even greater momentum than the previous rally.
From a supply and demand perspective, XRP has demonstrated resilience amid the broader market downturn. In August 2025 at $2.7, October at $2.24, and November at $1.87, each time selling pressure threatened the lower boundary of the descending channel, buying interest emerged to defend support levels. Notably, while major assets such as Bitcoin (BTC) experience heightened volatility, XRP has kept its downward movement contained within the channel, reinforcing the case for a strong trend reversal if an upside breakout occurs.
However, a technical breakout scenario does not always guarantee a bullish outcome. If XRP breaks below the lower boundary of the channel, downward pressure could intensify, raising the risk of further price declines. Investors should note that the $4 target is based on historical technical analysis and may vary depending on overall market conditions. XRP is currently undergoing a critical test around the $1.7 level, potentially signaling the beginning of a new bull market for global investors.
Disclaimer: This article is provided for investment reference only, and we are not responsible for any investment losses resulting from its use. The content should be interpreted solely for informational purposes.  <저작권자 ⓒ 코인리더스 무단전재 및 재배포 금지>
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