XRP Trades in Year-Long Wedge Pattern as $880B Market Crash Tests Breakout Setup

2026-01-21 13:31:41

⬤ XRP has been trading inside a wedge pattern for nearly a year now, stuck in what traders call consolidation mode. The daily XRP/BTC chart shows the price getting squeezed between two trendlines that keep getting closer together. This compression has been going on since late 2025, when the broader crypto market started taking serious hits.

⬤ The overall crypto market has shed more than $880 billion in value during this downturn, and XRP hasn’t been spared. The token crashed roughly 48% from its peak of $3.66 back in July 2025. Looking at the chart, you can see XRP struggling to catch any real upward momentum, basically trapped inside this wedge while sellers kept control of the market.

⬤ Earlier this month, XRP tried making a comeback and climbed toward $2.41. But that rally didn’t last long. Geopolitical tensions and general market jitters knocked it back down below the $2 level. Still, the XRP/BTC chart shows the price is sticking to the wedge pattern, creating lower highs and higher lows that are converging toward what could be a breakout moment.

⬤ What happens with XRP could tell us a lot about where the broader altcoin market is heading. If it breaks out of this wedge convincingly, it might signal that risk appetite is coming back and other altcoins could follow. But if it stays compressed, that tells us traders are still playing it safe. After months of this tight trading range, the next big move could be significant once market conditions finally shift.

XRP2,72%

BTC1,23%

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