Analyst Updates XRP Price Target for Next Major Breakout

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Early 2026 price action in XRP has begun to align with a historical breakout structure seen in Gold. A similar setup unfolded in Gold before its powerful advance, and Steph Is Crypto (@Steph_iscrypto) now points to XRP tracing the same path with a key Fibonacci target in view.

Steph, a well-respected analyst, highlighted this alignment in a recent video. His analysis places XRP and Gold side by side using identical technical tools.

Gold’s Breakout Structure and Fibonacci Extension

Gold spent an extended period trading within a falling wedge before breaking out in 2023. That breakout marked the start of a sustained advance rather than a short-term spike. Its price expanded steadily as momentum built. The move ultimately reached the 7.272 Fibonacci extension at $4,475. That level acted as the terminal point of the advance.

The rally also completed wave 5 of an Elliott Wave sequence, reinforcing the trend’s strength. The structure stayed clean throughout the move. Its price respected key technical levels without sharp invalidations. This sequence forms the foundation of the comparison.

XRP Shows the Same Technical Setup

XRP now displays a matching structure on higher timeframes. The asset spent a long period compressing inside a falling wedge. That wedge recently broke to the upside. Early 2026 candles confirm expansion beyond the pattern.

The breakout now points to the 7.272 Fibonacci extension near $30. Gold’s breakout sent it to this level, and the analyst believes XRP will do the same. The emphasis remains on symmetry. XRP displays the same compression phase, the same breakout angle, and extension target. The asset’s bullish turn, which began this week, marks the early stage of that process rather than its conclusion.

Elliott Wave Context Strengthens the Case

The Gold breakout occurred during wave 5, the final bullish wave of the sequence. The chart shows that XRP is also in the final wave of an Elliott Wave pattern. Momentum has shifted upward following the wedge exit, and 2026 could be the year XRP hits double digits.

The 7.272 Fibonacci extension serves as a terminal target in both cases. Gold respected that level precisely during its advance. XRP now carries that same projection. The breakout phase has begun, and price action continues to follow the same technical logic that defined Gold’s move.

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