XRP, 800% Surge Scenario Emerges... Going to $9 in a Bear Market?

▲ XRP/ChatGPT generated image

XRP is showing a bearish trend, breaking below the bottom of a descending triangle. However, an analysis suggests that the possibility of entering a double-digit price range in the long term remains valid.

According to the cryptocurrency specialized media The Crypto Basic on April 20 (local time), EGRAG CRYPTO interpreted the recent XRP decline not as a simple trend breakdown but as a process of securing downside liquidity. He presented the long-term bullish channel 'Bifrost Bridge,' which has been maintained since 2014, as a key basis. He explained that as long as this channel is maintained, the long-term target range remains unchanged.

After reaching a high in early 2025, XRP has been forming a long-term accumulation zone for approximately 14 months. During this process, a descending triangle pattern, where highs gradually decrease, was completed. Technically, this structure typically leads to a downward breakout with high probability. Indeed, market anxiety expanded as a key support level was broken on a monthly chart basis in February 2026.

However, EGRAG CRYPTO emphasized that attention should be paid to the long-term channel structure rather than short-term patterns. This channel, known as 'Bifrost Bridge,' has been a crucial axis supporting XRP's price movement for over 10 years, and the current correction is also a natural process within the bullish cycle. He assessed that the upward trend that began in late 2024 is still valid.

In particular, the prolonged accumulation period could act as a factor increasing the intensity of future price expansion. An accumulation period of approximately 14 months suggests that the subsequent upward wave could be very steep. It was also mentioned that a surge of several hundred percent is needed to reach the long-term target range from the current price.

Interpretations regarding this downward breakout are divided in the market. Some view it as a process of whale accumulation, while others interpret it as a signal for further decline. Ultimately, whether a rebound occurs at the bottom of the channel in the future will be a key turning point for maintaining the long-term bullish scenario.

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