XRP Eyes $8.30 Target As Rare Chart Pattern Emerges From Prolonged Decline
A drop to 83 cents could be the setup XRP investors have been waiting for.👉Cross of the 2 red lines is coming = Bearish▫️Bottom target: crystal clear →… pic.twitter.com/TcXESiXvzK That level is described as the major floor for the current structure. Data from the chart shows XRP could then bounce back above $1.00, dip once more to around 91 cents to retest support, and then begin a larger move upward. If that sequence plays out, the breakout target lands at $8.30. The wedge has already absorbed several significant price swings. During a market selloff on October 10, 2025, XRP fell from $2.80 down to $1.36, touching the lower trendline. The price bounced from that level. In early February 2026, another drop brought the token to $1.11 before support held again.Related Reading
Breakout Conditions Depend On Two Clear Boundaries
The bullish case has limits. According to Egrag’s analysis, a close above $1.80 on the upper resistance line would break the wedge pattern and cancel the current setup entirely.
On the downside, a drop below the 83-to-91-cent support zone would point to deeper weakness and raise the possibility of further decline beyond what the chart currently projects.
Featured image from Pexels, chart from TradingView
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