Crypto market commentator Steph is Crypto has identified a technical pattern on XRPs weekly chart that, if confirmed, could support a rally of more than 70% from current levels.
According to the analyst, XRP is breaking out of a triangle formation on the weekly timeframe. A sustained move above this pattern could imply gains of about 71.15%, which would place the token above $3.40.
The signal follows a shift in momentum after XRP ended a four-week losing streak and printed a green candlestick on the weekly chart. At the time of writing, XRP was trading around $2.02, up 7.18% over the past 24 hours and 9.17% over the week.
In a separate post, Steph is Crypto noted that XRP has just completed 393 days of sideways consolidation, mirroring the accumulation period that preceded its 2017 breakout. Back then, the price moved within a tight range before accelerating higher, a pattern the analyst says may now be starting to repeat.
XRP reclaimed the $2 level on Friday for the first time since mid-December, extending a strong start to 2026. The token rebounded from a Jan. 1 low of $1.82, climbing from $1.86 to $2.05 on Friday. On Saturday, XRP spiked to $2.13 before easing slightly.
Market participants attribute the recent strength to a mix of improving sentiment across crypto assets and continued demand from exchange-traded funds. U.S. spot XRP ETFs recorded $13.59 million in net inflows on Jan. 2, bringing cumulative inflows since launch to $1.18 billion.
Regulatory developments are also in focus. The latest price move comes after SEC Commissioner Caroline Crenshaw, a noted skeptic of crypto spot ETFs, announced her departure from the regulator. Commentators have suggested that her exit could pave the way for a more accommodating stance toward digital asset products, including those tied to XRP. Crenshaw had reportedly opposed the SECs decision to drop its appeal in the Ripple case.
On the technical side, XRP faces major resistance at the 50-day moving average near $2.01. Analysts say a clear and sustained break above this level could reinforce the bullish setup and create room for a move beyond $3, although such targets remain contingent on continued market support and follow-through buying.