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The Crash Is Over? XRP Price About To Hit ‘Significant Bottom’
TL;DR
XRP has been trading sideways for four months, but a technical analyst suggests it is nearing a significant bottom. The price has been confined between $1.30 and $1.70, indicating a potential end to the decline.
Key points
- XRP has been trading sideways for four months
- Analyst Protechtor suggests XRP is nearing a significant bottom
- Price confined between $1.30 and $1.70
- Extended selloff may be complete or nearly done
- Compression phase forming a descending triangle
Mentioned in this story
Protechtor
XRP has spent the better part of four months grinding sideways inside a narrow range band, far removed from its $3.65 all-time high. But one technical analyst believes this extended decline is running out of road, the decline is nearly done, and XRP is nearing a bottom significant enough to matter for traders.
A Tight Range Showing Late-Stage Compression
Analyst Protechtor, posting on X, has been monitoring a key support zone on XRP’s daily chart for more than a year. His reading is that the extended selloff from late 2025 through early 2026, which is Wave C of a broader corrective sequence, is either complete or approaching completion.
The evidence lies in what the past four months of price action have quietly assembled. XRP’s price action in the past four months has been confined within a narrow support band roughly between $1.30 and $1.70. This compression phase appears to be forming the latter portion of a descending triangle.
Source: Chart from Protechtor on X
This descending triangle pattern is visible on the daily chart. XRP has formed a series of lower highs since January 2026 while holding a relatively stable floor around $1.28 to $1.31. At the time of writing, the XRP price is trading at $1.43.
According to the analyst, the move from the 2025 highs at $3.65 down into this range is either a completed Wave 2 or Wave B in Elliott Wave terms. Furthermore, the analysis identified sub-waves within the final leg of the correction, labeling them (a) through (e). The structure suggests wave (e) is now in progress, completing the triangle before a final thrust.
A Final Flush Or Has the Low Already Arrived?
Q&A
What is the current price range of XRP?
XRP's price has been confined within a range of approximately $1.30 to $1.70.
Who is the analyst predicting a bottom for XRP?
The analyst is Protechtor, who has been monitoring XRP's support zone for over a year.
What does the descending triangle pattern indicate for XRP?
The descending triangle pattern suggests that XRP may be nearing the end of its extended selloff and could be approaching a significant bottom.
