XRP (XRP) Repeats the 2024 Chart Pattern That Preceded Its 650% Rally

A Familiar 2024 Sequence on the Chart

XRP (XRP) is drawing renewed attention from chart-watchers as its current structure increasingly resembles the formation that immediately preceded the token’s 650% advance in 2024. At the time of writing, XRP trades near $1.40, roughly 35% higher over the past month, after recovering from levels below $1.00 earlier this summer — though it remains well beneath its 2025 peak near $3.65. The comparison now circulating among analysts describes a sequence progressing from the $1.10–$1.00 zone through successive upside targets at $1.30, $1.90, $2.80 and $3.40, a progression laid out in a widely shared technical outline posted to X. Its author frames the ladder as a potential roadmap rather than a guarantee: each marked level functions as a checkpoint that price must claim and hold before the next comes into play. A second, complementary projection builds on Fibonacci retracement levels — the percentage-based retracement zones traders use to gauge correction depth. Trader CW8900 notes that the recent correction bottomed near the 0.5 retracement and that price has since cleared the 0.618 level, a reclaim bulls typically read as trend continuation, with the next extension target cited near $2.13 at the 1.618 Fibonacci level. What the shared analyses have not yet flagged is momentum confirmation of the kind a MACD crossover would provide. For readers new to the asset, XRP serves as Ripple’s cross-border settlement asset, and our XRP coverage tracks how the altcoin market is pricing these levels in real time.

widely shared technical outlinehttps://x.com/DefendDark/status/2096184867927052309

Binance Reserves Fall to Early-2024 Levels

On-chain data adds a supply-side dimension to the technical picture. Spot trading volume for XRP reached a six-month high in August 2026, with Binance alone recording more than $7.26 billion, while Upbit and Bithumb also showed elevated activity — breadth that points to broadening demand rather than a single-venue spike. More consequential for the medium term, roughly 500 million XRP left Binance during the same period, pushing the exchange’s monthly average reserves down to levels last seen in early 2024. Analysts interpret the outflow as accumulation into self-custody — whether direct cold-storage holdings, a Ripple paper wallet or another offline setup — or as absorption by the spot ETF products that launched in late 2025. Either way, coins leaving exchange wallets shrink the immediately sellable float, a dynamic viewed as more relevant over extended horizons than for next-week price action, and one that sits entirely outside DeFi venues. The cautious camp pushes back, however. In their reading, XRP remains inside a corrective pullback within the $1.10–$1.38 support zone: the latest bounce still prints as a three-wave structure, no confirmed low has been established, and the recovery resembles an incomplete repair rather than the start of a sustained advance — a restrained rebuttal that stops short of outright FUD, grounding its case in wave counts rather than sentiment. Readers tracking the market in real time can follow live spot and futures prices on MEXC.

The $1.90 Checkpoint and the $2.13 Extension

COINOTAG’s read is that the two threads converge on a single question: whether supply keeps leaving exchanges while price defends the $1.10–$1.38 band. On-chain data shows the reserves trend is already doing its part; the chart has yet to confirm it. Institutional experimentation around the ledger itself continues in parallel, as seen in the recent BIS test of the XRP Ledger, adding a fundamental backdrop to what is otherwise a technical debate. Until a higher low forms above the corrective zone, the 2024 analogy remains a roadmap, not a verdict. The decisive tests are the $1.90 checkpoint and the $2.13 Fibonacci extension: claiming either on sustained spot volume would convert pattern-matching into a confirmed trend, while a slip back below $1.00 would invalidate the sequence outright.