![](\"http:\/\/www.thebusinesschain.com\/wp-content\/uploads\/2025\/04\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NWViZTAtYjgzNC03MmY1LWFhNDAtZjI2Y2QyYjBhYmY5.jpg\")
<\/p>\n<\/p>\n<\/p>\n<\/p>\n
<\/p>\n
XRP (XRP<\/a>) has dropped nearly 40% since hitting its multi-year high of $3.40 three months ago. <\/p>\n Still, its ability to hold above key technical support levels, combined with a potentially market-shifting derivatives listing, has prompted some analysts to maintain a bullish outlook for the months ahead.<\/p>\n From a fundamental perspective, XRP may receive a boost from the anticipated launch of XRP futures contracts<\/a> on the Coinbase Derivatives platform, scheduled for April 21 under the US Commodity Futures Trading Commission’s (CFTC) oversight.<\/p>\n This development may inject fresh liquidity and institutional interest into the market, helping catalyze the technical breakouts projected above.<\/p>\n XRP’s ongoing consolidation phase resembles a classic Wyckoff reaccumulation pattern, according to technical analyst Charting Guy<\/a>.<\/p>\n The Wyckoff reaccumulation pattern<\/a> is a mid-cycle structure that often precedes the next leg of a broader uptrend. It suggests that smart money is absorbing supply during the cooldown, setting the stage for a potential breakout.<\/p>\n XRP established support and began consolidating in late 2024, marking Phases A and B of the Wyckoff reaccumulation pattern. In early April 2025, the price formed a “Spring” followed by a successful “Test,” signaling seller exhaustion.<\/p>\n As of April 21, XRP is attempting to break above the descending “Creek” trendline. <\/p>\n A breakout would confirm a “Jump Across The Creek” (JATC) and entry into Phase D. If confirmed, XRP could enter Phase E and rally 70% toward $3.55 in the coming weeks, a level aligning with the pattern’s Last Point of Support (LPS).<\/p>\n A Fibonacci retracement graph drawn from $3.55-swing-high to $0.14-swing-low presents $5.65 as the upside target for June if XRP price breaks above $3.55.<\/p>\n The upside outlook aligns with XRP’s prevailing falling wedge pattern, as spotted<\/a> by chartist “Jobcfx” on X.<\/p>\n Notably, the bullish reversal structure has been narrowing since February 2025. A breakout above the wedge’s upper trendline, currently around the $2.20-2.40 area, would signal the start of a new rally.<\/p>\n Falling wedge breakouts typically target a move equal to the pattern’s maximum height. <\/p>\n In XRP’s case, if it breaks above $2.20, the projected upside target for May lands near $4.00, aligning with the Wyckoff reaccumulation’s Phase E breakout zone.<\/p>\n Related: <\/strong><\/em>XRP price analysts project $10 next, ‘optimistic’ target of $20<\/strong><\/em><\/a><\/p>\n Interestingly, Bitcoin (BTC<\/a>) is also forming a falling wedge pattern<\/a> on its chart. If confirmed, a bullish breakout in Bitcoin could act as a catalyst for the altcoin market, potentially accelerating XRP’s upward momentum as well.<\/p>\n This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n","protected":false},"excerpt":{"rendered":" XRP (XRP) has dropped nearly 40% since hitting its multi-year high of $3.40 three months ago. Still, its ability to hold above key technical support levels, combined with a potentially<\/p>\n![\"XRP](\"http:\/\/www.thebusinesschain.com\/wp-content\/uploads\/2025\/04\/019657b4-7c13-71ec-bf21-a69b20e3e0b3-scaled.jpg\" "\\"\\"")
Coinbase XRP futures may launch on April 21<\/h2>\n
XRP price chart painting Wyckoff reaccumulation <\/h2>\n
![\"XRP](\"http:\/\/www.thebusinesschain.com\/wp-content\/uploads\/2025\/04\/01965746-5ba5-77d1-9a02-ff2b51fdee0a-scaled.jpg\" "\\"\\"")
Falling wedge aligns with XRP’s bullish outlook<\/h2>\n
![\"XRP](\"http:\/\/www.thebusinesschain.com\/wp-content\/uploads\/2025\/04\/0196579c-e591-7cc7-a4e8-f26bc01227e6-scaled.jpg\" "\\"\\"")