Bird (@Bird_XRPL) has shared a chart that presents an intriguing technical case for XRP. He described it as a simple way to show that XRP is extremely bullish, and the chart supports that claim through structure, repetition, and location on the weekly timeframe. At first glance, the asset’s price looks compressed. A closer read shows something more deliberate taking shape. XRP continues to trade within a long-standing range that has remained intact for over a year . The chart marks clear horizontal levels. Support is near $1.82, while resistance stands near $3.45. Price action respects both levels, and that behavior sets the foundation for the current setup. A very simple way to show that $XRP is extremely bullish rn. If you don't see it, you might need to get your brain scanned? pic.twitter.com/Vm5QYUThx6 — Bird (@Bird_XRPL) January 8, 2026 Weekly Structure Remains Intact The chart shows two major corrective phases within the same macro range. Each correction formed a downward-sloping channel. Each channel ended at the same horizontal support. The first instance resolved with a strong upside expansion. This move carried XRP from the lower bound of the range to the upper resistance, briefly surpassing it as XRP hit an all-time high of $3.65 . The current structure mirrors that earlier move. XRP now trades closer to the lower boundary near $1.82. Sellers pushed the price lower in late 2024 but failed to break support. This move formed a falling wedge , and the digital asset has broken out of this formation, suggesting an imminent bull run. XRP 2026 Breakout Bird’s chart highlights the downward channel that guided the recent pullback. XRP entered 2026 with a notable bullish candle in the first week, outperforming the top 10 cryptocurrencies. The digital asset now sits above the falling wedge and is gradually climbing toward the upper resistance level. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Channels like this often resolve with a break to the upside once sellers exhaust, and XRP’s sharp rise has confirmed this move. The previous example on the chart followed that exact sequence. XRP broke upward, reclaimed range midpoints, then pushed into resistance. The asset now trades near $2.07. That places XRP close to support with defined upside targets above. What the Chart Signals Next The next technical objective is at the top of the range near $3.45. The recent weekly close above the falling wedge has confirmed a shift in control. From here, the prior structure offers little resistance until the upper level. Bird also marks a vertical projection above resistance. That projection reflects continuation. If XRP clears $3.45 with acceptance, price discovery opens toward higher levels on the weekly chart. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Here’s Why This Analyst Says XRP Is Extremely Bullish Right Now appeared first on Times Tabloid .
