Why XRP to $7 This Year Remains in the Cards

While XRP has suffered significant losses this year, chart data indicates that a recovery toward new highs is not completely impossible.

XRP has remained under pressure in recent weeks, slipping to around $1.10 after posting a weekly loss of just over 5%. Despite the decline, the token still trades above one of the most important support areas on the weekly chart, which keeps the larger bullish setup intact.

Notably, the latest pullback has brought XRP to a major technical level that could determine its next major move. With about six months left in 2026, the chart still leaves room for a substantial recovery if buyers continue to defend this zone.

XRP Fibonacci Levels Support the Trend

A major part of the bullish outlook comes from XRP’s position on the Fibonacci retracement chart. The price remains above the 0.382 retracement level at $1.05, a level that continues to support the broader upward structure.

Notably, the Fibonacci grid begins at the cycle low around $0.50 and extends to price targets above $11. Over the past few years, XRP has repeatedly reacted around these levels, confirming their importance. As long as the price stays above the 0.382 retracement, the long-term trend remains intact.

This support also sits within a wider demand zone that stretches from about $0.79 to $1.05. Holding above this range on the weekly chart suggests buyers still have the upper hand despite the weakness in XRP’s short-term price action.

The Current Position Resembles XRP’s Previous Breakout

The current chart shares several similarities with the setup that came before XRP’s November 2024 rally. At that time, the token spent months moving inside a descending wedge before breaking higher and gaining more than 500% in roughly a month.

The same structure has appeared again. XRP has spent another extended period trading within a descending wedge as it gradually builds support underneath. The price is approaching the point where breakouts often happen as the trading range continues to narrow.

Importantly, using the size of the previous rally as a guide places the next major target near the 1.414 Fibonacci extension at about $7.88. This projection puts the widely discussed $7 price target within reach if XRP follows a path similar to the last breakout.

Several Signals Point to the Same Area

The bullish case does not rely on Fibonacci levels alone. A long-term ascending trendline that has supported XRP since 2023 now meets the broader demand zone around the current price. Meanwhile, the descending resistance continues to squeeze the market into a tighter range.

When several signals come together in one area, the market responds with a larger move once price breaks in either direction. The horizontal support, Fibonacci levels, and the long-term trendline make the current zone one of the most important on the chart.

The area around $1.06 remains the key level to watch in the near term. Holding above it would keep the current structure intact and improve the chances of a breakout above the descending resistance rather than another leg lower.

Why a Move to $7 Still Looks Possible

Many investors continue to question whether XRP can reach $7 before the end of the year. However, the weekly chart has yet to weaken that outlook. Instead, it shows that XRP continues to build support as it stays above a critical long-term level.

If XRP holds its current structure and breaks above the descending wedge, the 1.414 Fibonacci extension around $7.88 could come within reach. Beyond that level, the chart points to the 1.618 Fibonacci extension near $11.74 as the next major upside target.

Whether XRP reaches those prices will depend on buying momentum over the coming months, but the current technical structure continues to support the idea that a move toward $7 remains a realistic possibility before the end of 2026.