Ripple-linked token XRP is drawing renewed market attention after analysts identified a bullish divergence on its weekly chart, along with what they describe as an emerging Elliott Wave structure. For technical traders, the combination suggests that long-term momentum may be improving after an extended consolidation phase.
Multi-year triangle remains the core backdrop
According to the report, XRP has traded within a symmetrical triangle from 2018 to 2024. Such long-duration compression patterns are often watched closely because they can precede a decisive directional move once price finally breaks out. Analysts cited in the source believe XRP may now be approaching an important point in that structure, making the next breakout attempt especially significant.
Focus shifts from correction to impulsive advance
From an Elliott Wave perspective, XRP is said to have completed a three-wave expanded flat correction. Under that framework, the next stage could be a five-wave impulsive move, which is generally associated with stronger trend continuation. Based on this interpretation, some analysts see room for XRP to climb toward $6 to $10 if bullish momentum builds. These levels, however, remain technical projections rather than confirmed outcomes.
Falling wedge breakout could be the trigger
In addition to the weekly divergence, market watchers have also pointed to a possible falling wedge pattern. This setup is often considered constructive for price, but confirmation typically depends on a breakout supported by volume. If XRP clears the wedge with convincing participation, analysts believe the token could gain a path toward fresh all-time-high targets.
Overall, the bullish case outlined in the report is based on chart structure, wave analysis, and momentum signals rather than fundamental catalysts. That means traders will likely keep watching whether XRP can confirm the breakout with sustained price action and volume before treating the higher targets as realistic near- to medium-term objectives.