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. Related Reading: Standard Chartered Sees Bitcoin Exploding To $500K By 2030 Crypto analyst Egrag Crypto has identified a falling wedge structure in XRP’s price chart that spans nearly nine months, with the token trading around $1.30 after a prolonged slide. Based on the analysis, XRP may fall further before any significant recovery — but that bottom could mark the start of a sharp move higher, potentially reaching $8.30. Six Painful Months XRP has now posted six straight months of losses, its worst such run since 2014. April is already trending negative, down 1.80% in the first days of the month. If it closes in the red, it would be the seventh consecutive monthly loss — a first in the token’s history. The token peaked at $3.60 in July 2025. Since then, the price has been compressed between two downward-sloping lines — a resistance ceiling above and a support floor below. Each time the price has hit