Analysts are expressing strong bullish sentiment for XRP (Ripple), backed by both technical chart analysis and derivatives market data pointing to significant potential price appreciation in 2026. According to data from Robinhood's Event Contracts, retail traders are pricing in a 73% probability that XRP will climb above the $2.75 level before the end of the year. This binary-style derivatives product shows growing confidence, with contracts also implying a 53% chance of XRP reclaiming $3.00 and a 44% chance of reaching $3.25.
Technical analysts are adding fuel to the bullish outlook. One prominent analyst notes that XRP's price has been consolidating sideways within a defined range for approximately 14 months, a period characterized by repeated tests and holds of a key support level, indicating strong accumulation demand. The analyst argues that such prolonged compression typically resolves with a fast, powerful move. "All it takes is a single momentum shift to tip the balance, and once that happens, price discovery will open up very quickly," the analyst stated, suggesting a breakout could occur by the end of January or early February.
The potential upside from such a breakout is projected to be substantial. Another analyst references a historical chart pattern, suggesting that a similar setup previously preceded a price surge of over 580%. Based on the current structure, the analyst sets a minimum breakout target between $15 and $20 per XRP, which would represent a gain of more than 600% from current levels near $1.89.
This optimism exists despite XRP's recent price volatility. After starting 2026 trading between $1.95 and $2.00 and reaching a year-to-date high near $2.40, selling pressure pushed the price down to $1.89 as of January 25, erasing its yearly gains. However, market participants appear to view this as a temporary pullback. The bullish sentiment is partly attributed to Ripple's legal victory over the U.S. Securities and Exchange Commission (SEC) after an eight-year battle, which provided greater regulatory clarity. Analysts believe this victory, combined with XRP missing the full momentum of the last major bull cycle, positions it for accelerated growth in the current market cycle.
