Can XRP replicate the decade-long bull market of gold? Technical indicators reveal key signals

Technical analyst Steph is Crypto has discovered an interesting phenomenon: the current market structure of XRP shows a remarkable similarity to the bullish trend of gold over the past ten years. According to chart comparisons, if XRP can continue this pattern, it may reach a target price of $8-10 in early 2026. Compared to the current price of $2.07, this implies an upside potential of 230-310%.

Insights from the Gold Price Chart

The recovery phase that began at the end of 2022 for gold provides important reference for this analysis. XRP’s recent consolidation trend is very similar to the sideways movement of gold from 2020 to 2022, both experiencing long-term oscillation accumulation. Notably, XRP has risen nearly 30% in early 2026, successfully breaking through the previous downtrend channel, which is seen as a sign of bullish momentum starting.

Technical Outlook: Optimism and Caution

From a technical perspective, if XRP can stabilize above the 100-week EMA (Exponential Moving Average), it will lay a foundation for further upward movement. However, analysts also point out potential risks — XRP is currently still below the downtrend line and the 100-week EMA, indicating that the previous bear market influence has not been fully dissipated.

Warnings from Historical Repetition

It is worth noting that during the 2021-2022 bear cycle, XRP experienced a divergence where the price rose while the RSI (Relative Strength Index) declined. This bearish divergence ultimately led to an 85% correction. If similar technical misalignments occur again, they could threaten the ongoing upward trend.

Key Support Levels

In the short term, if XRP fails to effectively recover above the 100-week EMA, it may fall back to the $1.61-1.97 range. Investors should closely monitor this technical level as an important reference for trend direction. The historical reference provided by the gold price chart offers a unique perspective for understanding XRP’s current market cycle.