XRP needs to push past $1.51 before any real breakout becomes possible, according to market commentator Matt Hughes — and one analyst thinks that moment could arrive this week, but not before the market knocks out the weakest holders first.
A Pattern Years In The Making
MichaelXBT, a widely followed crypto analyst, says XRP has spent months forming a falling wedge on its weekly chart — a structure that typically points toward an upside move once price breaks above the upper boundary.
The coin has been trapped in this pattern since July 2025, when it peaked at $3.66. Since then it has shed about 60%, landing near $1.37 amid a broader market selloff that took hold in October of that year.
The upper boundary of the wedge stopped XRP cold multiple times. Attempts near $3 in late 2025 failed. A January 2026 push stalled at $2.41. Now, with price pressing into the narrowest part of the structure, MichaelXBT believes the next move – the “shakeout” – is close.
XRP wil
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