XRP Price Shows the Same Pattern That Sparked a 650% Rally

At the time of writing, XRP trades near $1.40, up roughly 35% in the past month. The token remains well below its 2025 peak of about $3.65 but has recovered from sub‑$1.00 levels earlier this summer.

Technical pattern repeat

Analysts highlight that XRP is forming a price pattern similar to the one observed in 2024 before a 650% rally. The sequence moves from the $1.10‑$1.00 zone toward successive targets of $1.30, $1.90, $2.80 and $3.40. The pattern is presented as a potential roadmap, not a guarantee.

Fibonacci analysis

Trader CW8900 notes that a recent correction bottomed near the 0.5 Fibonacci retracement. Price has since cleared the 0.618 level, with an extension target around $2.13 at the 1.618 level.

On‑chain and exchange activity

Spot trading volume for XRP reached a six‑month high in August 2026, with Binance reporting over $7.26 billion. Approximately 500 million XRP left Binance during the same period, reducing the exchange’s average reserves to levels last seen in early 2024. Analysts view the outflow as a possible sign of longer‑term accumulation or demand for spot ETF products launched in late 2025.

Contrasting short‑term views

Some analysts consider XRP to be in a corrective pullback within the $1.10‑$1.38 support zone. They describe the recent bounce as a three‑wave structure without a confirmed low, suggesting the recovery may be incomplete.

Outlook

The combination of a repeating technical pattern, elevated spot volume, declining exchange reserves, and mixed short‑term structures makes the setup contested. Future price action will depend on sustained buying interest and XRP’s ability to hold key levels in the coming weeks.