XRP Analysis: Expert Maintains $20 Cycle Projection Despite Current Distribution Phase

XRP demonstrates significant growth potential as it sustains a bullish macro trend, suggesting a promising outlook for investors.

Key Insights

Experts assert that XRP sustains a macro bullish trajectory, with long-term cycle projections ranging between $19–$30.

A symmetrical triangle formation on the daily chart suggests a short-term breakthrough towards $4.

The present "distribution" phase is interpreted as consolidation preceding a potential Wave 3 surge.

XRP Consolidates, Yet Macro Target Remains at $20

XRP's recent retracement hasn't altered its long-term bullish outlook, according to cryptocurrency analyst XForceGlobal. Although it experienced a 22% decline from a multi-year peak of $3.66 on July 18 to a local trough near $2.72, XRP has since rebounded to approximately $3.

The analyst contends that XRP remains on course for a cycle peak exceeding $20, outlining two scenarios that both support elevated price levels.

Distribution preceding breakthrough – The current pullback mirrors previous cycles where XRP established new foundations before advancing higher.

Wave pattern formation – Distribution may extend between Waves 1 and 2 before a more substantial Wave 3 breakthrough.

"We're on the brink of a much larger upward movement. There's simply no evidence supporting a more significant downside correction," XForceGlobal remarked.

Both scenarios underscore long-term targets between $19 and $30, reinforcing confidence that XRP's bull cycle is far from concluded.

Symmetrical Triangle Indicates $4 Near-Term Target

XRP is presently trading within a symmetrical triangle pattern on the daily chart, a configuration often associated with continuation rallies.

A daily close above $3 would confirm a bullish breakout.

The subsequent resistance lies at the eight-year high of $3.66.

A successful breakout projects a measured move to $4 (+34% from current levels).

Seasoned trader Matthew Dixon also endorsed the triangle thesis, describing it as part of a "distribution phase" that precedes a larger Wave 5 rally.

Forecast: $4 in the Near Term, $20 in the Cycle

While near-term resistance persists around $3–$4, analysts concur that XRP's broader structure points to substantially higher valuations.

Should XRP surpass the $3.66 multi-year high, technical targets of $4–$6 become attainable in the near term, with a macro cycle peak above $20 still intact.

With institutional interest in alternative cryptocurrencies rising and technical setups aligning, XRP may be preparing for one of its most robust upward movements yet, according to industry experts.