Various factors could trigger the price of Ripple (XRP) forward. Based on a post by a YouTuber, the spike to $20 seems closer than ever, with various patterns suggesting this. Let’s look at their thoughts.
This entire breakdown is from a video by the popular YouTube channel Cheeky Crypto, where the host walks through current XRP price action, chart formations, and what could set off a massive rally. While the tone is full of humor and relatable storytelling, the technical analysis is packed with insight and caution. The analyst clearly states this is not financial advice and urges viewers to always do their own research.
What you'll learn 👉
A Falling Wedge That Looks Ready to Snap
The analyst opens up with a vivid image. He’s staring at the XRP chart like it’s a ticking bomb, waiting for an explosive move. According to him, XRP is stuck inside a classic falling wedge pattern. That’s when a price keeps dipping into lower highs and lower lows but gradually tightens inside a narrowing corridor.
And that’s where the real tension builds.
He recalls XRP lounging around $0.50 back in November 2024. Then suddenly, it launched to $3.40 within eight weeks. That was a 600% move. But after that run, the price dropped back down, and since then, XRP has been grinding downward inside this wedge. To the analyst, this is like a champagne bottle. Pressure is building, and a breakout could be dramatic.
He references a chart shared by another analyst, Egrag Crypto, who added a red ticking clock emoji above his updated falling wedge. That’s his way of saying time is running out for the bears. The breakout moment is near.
The Key XRP Price Levels To Watch
The wedge structure has clearly defined boundaries. The upper trend line is sitting near $2.28. That has been acting as resistance, pushing XRP down every time it tries to move higher. On the other end, the lower support sits around $1.47. That’s where the price bounces when it falls too far.
Right now, XRP is hovering near $2.24. That’s just about a 2% move away from the breakout point above $2.28. The analyst says this should be a small push, but the market is still sleeping. Liquidity is inactive, and not enough buyers are stepping in yet.
He also highlights a liquidity zone around $1.90 to $2.00. According to him, if XRP dips briefly into that zone, it could trigger the bounce needed to smash through resistance. But there’s also a warning. If the price breaks down through $1.47, it’s no longer just a dip. That would mean the wedge has failed to the downside.
That’s why many traders, including his friend Lucas, are watching that $1.47 level like hawks. If it’s lost, they’re out. Because panic could take over quickly.
Why $20 XRP Isn’t Just Hype
Egra believes that if the breakout goes well and XRP flips $2.28 into support, then the road is open for much higher levels. The analyst explains that a falling wedge breaks upwards about 68% of the time. That’s a strong probability. And the longer the wedge tightens, the more powerful the breakout could be.
So why $20?
He lays it out. If XRP hits $20, that would be a $1.5 trillion market cap. That sounds massive but it’s the same level Bitcoin has reached and Ethereum has come close. If we enter a fresh altcoin season and XRP gains new use cases through banking deals, liquidity corridors, or global settlement systems, then that market cap is not far-fetched.
Also, XRP has real-world utility. With more institutions using Ripple’s On-Demand Liquidity (ODL) and standards like ISO 20022 becoming widespread, XRP could become an essential part of global finance. Even the Bank for International Settlements referenced Ripple’s technology in a report.
What Needs to Happen First
The analyst is cautious too. A breakout must be confirmed. He says if a daily candle closes above $2.28 with a 20% increase in volume, that’s the first real sign. Anything below $1.47 is a no-go.
He also notes that smart money seems to be watching. Around 35 million XRP recently moved into an unknown wallet. That’s nearly $78 million. Could be accumulation. Could be nothing. But big moves like that don’t usually happen without reason.
There are also potential triggers that could tip things. An XRP ETF approval. A CBDC pilot using Ripple. A major announcement from a central bank or even winning the ongoing SEC case. All these can combine to form a powerful narrative. And in crypto, narrative is everything.
Right now, volume has been rising gently. Sentiment is neutral but tilting positive. That’s usually the perfect environment for a breakout before the crowd gets too loud.
Read Also: Crypto Veteran Shares Bullish TRON (TRX) Price Targets for 2025 Based on Multi-Year Chart Setup
The Clock Is Ticking
The wedge is near its apex. That means every day that passes, XRP needs a smaller push to break out. It’s like watching two rams on a ledge slowly running out of space. One will have to give way.
He paints a vivid scenario. XRP dips to $1.95. Crypto Twitter panics. Shorts jump in. But big buyers appear, price climbs back up to $2.28. It pauses, then rockets up to $2.65, $2.80, then $3. If that happens, it would match the historical average of a 42% move within 9 days after a falling wedge breakout.
But there’s always risk. If macroeconomic news shifts or whales sell off, the price could tank to $1.20. It wouldn’t be the end of XRP but the wedge setup would be invalid.
His advice is simple. Don’t just dream, make a plan. Watch the charts, monitor volume, and follow smart money. If you’re ready, the opportunity could be massive. If not, better stay out of the splash zone.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
