A technical analyst has identified a nine-month descending channel guiding XRP’s price since its July 2025 peak of $3.6. The pattern features an upper trendline from that high and a lower trendline dating to January 2025.
Two projected targets have already been met: $2.4 in January 2026 (upper boundary) and $1.1 in early February (lower boundary). XRP now trades near $1.41 - down 24% year-to-date.
Kucuker expects two more moves before a breakout: a rise to $1.8, then a pullback to $0.9 - potentially below $1. Only after that final low does the setup for an upside breakout emerge.
The $8.6 target - projected for September-December 2026 - reflects a 330% gain from $0.9. That multiplier mirrors XRP’s prior breakout from a similar structure in late 2024, which lifted it from ~$2.0 to $3.4 by January 2025.
The broader crypto market cap has fallen 18% since January to $2.4 trillion - adding headwinds. But Kucuker’s forecast relies strictly on chart geometry, not macro conditions.