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After shedding over 10% during the last two weeks, Ripple’s XRP stays trapped in a interval of heavy market weak spot. Even so, one standard crypto analyst maintains that the token’s broader chart construction nonetheless displays a descending broadening wedge formation, a setup he says might ultimately set off a significant upside breakout with potential targets as excessive as $11.
XRP’s Descending Wedge Setup Factors to Potential Breakout
In a current submit on X, EGRAG Crypto argued that XRP’s present chart construction is way from unintended amid the most recent worth correction.
He famous that descending broadening wedge formations have traditionally culminated in a last aggressive sell-off earlier than transitioning into a robust upward transfer. Based mostly on this sample, the pundit believes XRP might nonetheless be on monitor for a significant breakout.
For these unaware, a descending broadening wedge develops when worth motion tendencies decrease inside two diverging trendlines. On this setup, the higher resistance line slopes downward steadily, whereas the decrease assist line declines extra steeply, creating an increasing wedge-like construction that always alerts rising volatility earlier than a significant breakout.
In keeping with knowledge from EGRAG Crypto’s chart, XRP started forming the descending broadening wedge on the month-to-month timeframe after retreating from the $3.65 area in July 2025. Since that peak, the token has repeatedly printed decrease lows, steadily shaping the increasing construction that now defines its present technical setup.
 
Is $11 XRP’s Subsequent Cease?
With XRP at the moment buying and selling inside this construction, EGRAG Crypto recognized a number of key worth ranges that merchants are intently watching. He pointed to $1.11 as essentially the most crucial assist zone, noting that this was the world the place sturdy shopping for curiosity emerged in the course of the February 2026 market meltdown.
Ought to bulls fail to defend the $1.11 assist stage — which additionally aligns with the decrease boundary of the descending broadening wedge — XRP might face a deeper draw back transfer towards the $0.32 area. That state of affairs would signify a steep decline of roughly 71% from the $1.11 assist zone.
In his evaluation, EGRAG Crypto additionally assigned a 43% likelihood to this bearish end result from present market circumstances, highlighting that whereas the broader construction stays intact, draw back volatility can’t be dominated out if key assist ranges break.
On the bullish entrance, he recognized the $3.00 threshold because the crucial resistance zone to look at, noting that it aligns with the higher boundary of the descending broadening wedge. A decisive breakout above this threshold, he argues, would sign a shift in momentum and doubtlessly validate an enormous upside reversal for XRP.
From there, the commentator sees a broader growth section opening up, with upside targets ranging between $7 and $11 or larger if bullish momentum absolutely materializes. He additionally assigned a 53% likelihood to this state of affairs, suggesting that, in his view, XRP has a barely larger probability of breaking upward and doubtlessly advancing towards the coveted $11 milestone.
On the time of writing, XRP is hovering across the $1.36 mark, edging up simply 0.6% over the previous 24 hours, based on knowledge from CoinGecko.
