Technical analysis XRP price action on the 3-week candlestick chart shows that the cryptocurrency will soon lead the way to double digits threshold based on its long-term structure.
The analysis, which was shared on social media platform X along with a multi-year chart, indicates that XRP is trading in what is known as Phase 4. At the center of this setup is a clear technical goal of breaking the previous all-time high and rising to at least $21.50.
XRP price action in phases
Technical analysis of XRP price action shows that cryptocurrency trading has been taking place in four phases for over a decade. One complete four-phase sequence occurred between mid-2013 and mid-2017 and underpinned XRP’s first surge towards price highs. Since then, a second set of four phases has developed and follows a similar pattern.
XRP moved into a recent sequence of Phases 1 and 2, leading to a Phase 1 peak in 2018 and then a Phase 2 pullback in 2018–2020. This was followed by an unusually long p3 that stretched from 2019 to mid-2024, apparent on the chart as a broad, multi-year consolidation with converging trend lines of lower highs and higher lows. During this time, XRP’s price action became trapped in a compression pattern, similar to the behavior observed during Phase 3 of the first cycle.
XRP price chart. Source: @amonyx On X
Phase 4 returns: XRP to double digits
According to technical analysis, Phase 4 began in 2025, with XRP finally breaking through its compression range in mid-2024. This breakout was the same structural change seen in mid-2017, when XRP exited consolidation and entered an expansion phase.
Phase 4 has been going on for several months now and covers the period in which XRP reached recent all-time highs in mid-2025, eventually reaching $3.65 in July. However, since this peak, the XRP price action has continued corrective downward trend and is down approximately 48% as of this writing.
Despite the ongoing correction, the forecast is that XRP is still in Phase 4 and will crash will soon reach recent all-time highs. This shows that Phase 4 can develop over a longer period of time and not with one impulse. The current all-time high of $3.65 is the first major technical hurdle, and breaking it will confirm that XRP is back to price discovery.
Based on this technical analysis, expansion indicators from the previous cycle are applied and a Fibonacci extension of 6.618 is measured from the Phase 3 support low. This indicates a projected price level near $21.50. At the time of writing, XRP is trading at $1.89, which means a move to that level would represent an boost of approximately 1,040% over current prices.
Featured image from Pexels, chart from TradingView
