XRP Price Mimics Gold's 180% Surge: Analysis

A New Trend for XRP?

The price of XRP is on track to replicate the long-term rally of gold, as noted by analyst Steph from Crypto. Key observations suggest that XRP is following the breakout structure of gold, supporting target prices of $8 to $10, if the fractal holds. Should XRP fail to regain the 100-week exponential moving average, the price may retreat to the range of $1.61 to $1.97.

The optimistic outlook has been influenced by gold's recovery at the end of 2022, which came after two years of consolidation in the $1,620 to $2,055 range. Gold formed a classic five-wave structure according to the Elliott Wave Theory, including a descending channel during the formation of wave 3-4.

In November 2022, gold decisively surpassed long-term resistance, leading to a phase of sustainable expansion, with prices rising approximately 180% by the time they reached record levels of around $4,550 in December 2025.

Recent price action of XRP shows notable similarities to gold's consolidation phase from 2020 to 2022. After spending months in a descending channel (waves 3-4), XRP's price surged nearly 30% in the first week of 2026, indicating an upward momentum for the year. Steph's analysis projected target prices of $8 to $10 for XRP by 2026, reflecting a rise of 230-310% from current levels.

However, risks remain. The current recovery of XRP bears similarities to its bearish phase from 2021-2022. Rising prices, correlated with a declining relative strength index (RSI), have created a bearish divergence, marking a macro peak that led to an 85% correction. If XRP fails to reclaim the descending trendline and the 100-week exponential moving average, risks remain high, with the possibility of a retreat to the $1.61 to $1.97 range being a genuine concern.