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.

noteshttps://x.com/CW8900/status/2095791099227103312

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

A new demand-side datapoint has entered the picture: Ripple's RLUSD stablecoin has seen its supply surge 51% over the past 30 days to a record $2.4 billion, according to Artemis data cited via Basinga on September 5. Of that total, roughly $1.1 billion in RLUSD now sits on the XRP Ledger, adding settlement activity that runs through XRP's own infrastructure. Holders and transaction volumes for the token have climbed in recent months, with RLUSD increasingly competing against larger stablecoins like USDT and USDC. The ETF side remains supportive, too — products logged $159 million in net inflows during August and another $13 million early in September, the only monthly outflow since launch being a $38 million exit in March. For bulls, the RLUSD expansion offers a fundamentals-based complement to the chart-based roadmap, though it does not by itself resolve the resistance overhead.

(as of 21:39 UTC) COINOTAG’s read is that the fresh 42-indicator composite frames XRP as a sideways market pinned directly beneath a major resistance ceiling. Spot trades at $1.4244, up 0.26% over 24 hours with a market cap of $89.2 billion and $1.2 billion in daily volume — and the strongest level on the board is an 81/100 resistance at $1.4453, built from the R2 pivot, a high-volume node, the POC and a swing high. Above it sit $1.5472 (70/100, Fibo 0.214, ATR Upper, Keltner Upper and HVN), $1.6185 (57/100, BB Upper and Fibo 0.114) and $1.6999 (56/100, Fibo 0.000 and Donchian Upper), with moderate stretch resistance at $1.8940 (41/100, Fibo 1.272). Downside support is layered at $1.3498 (77/100, VWAP, EMA 20, Fibo 0.500 and the Ichimoku Kijun), $1.4149 (68/100, LVN, S3 and a flip of resistance into support), $1.2681 (62/100, EMA 50, Supertrend, Fibo 0.618 and EMA 200) and $1.0879 (60/100, Fibo 0.886, flip R→S and the Ichimoku Senkou lines), with moderate backing at $1.1382 (58/100, HVN, LVN, BB Lower and Fibo 0.786). RSI at 61.67 leaves room but the MACD signal has turned bearish, and derivatives lean constructive: funding is positive at 0.0034% on $976.7 million in open interest, with retail positioning heavily skewed long at a 2.85 long/short ratio (74.0% / 26.0%). Sentiment reads 73/100 — Greed. The decisive tests are clear: a sustained close above $1.4453 would clear the ceiling and open $1.5472 and $1.6999, while rejection here would send price back into the $1.35–$1.41 support stack, where $1.2681 marks the line the range cannot afford to lose.