XRP has continued to trade within a wedge pattern over the past year, and a possible breakout could emerge when the Bitcoin dominance collapses.
The broader crypto market has faced bearish pressure since Q4 2025, losing over $880 billion within this period. Amid the downtrend, XRP has witnessed one of the largest impacts, down 48% from its all-time high of $3.66 attained during the upward surge in July 2025.
While XRP engineered a recovery push to $2.41 earlier this month, geopolitical tensions and market uncertainty have since led to a pullback, as the altcoin loses the $2 mark. Despite this, XRP remains within a wedge pattern on the daily XRP/BTC chart, with an upward breakout possibly leading to higher gains.
The analyst’s optimism comes from the current wedge pattern formed by the XRP/BTC pair on the 1-day timeframe. Data from an accompanying chart shows that the wedge pattern formed after XRP’s explosive run in November 2024 led to the formation of a pole
Specifically, XRP began November 2024 with a price of 0.00000725 BTC and continued to see range-bound movements at the start of the month. However, things took a bullish turn when XRP exploded on Nov. 12, rising from 0.00000700 BTC to a peak of 0.00003062 BTC by Dec. 3, 2024. This marked a 337% rise against Bitcoin in less than a month, forming the pole.
XRPBTC 1D Chart | CryptoWZRDHowever, after the 0.00003062 peak, the XRPBTC pair met resistance as Bitcoin gained ground. The consolidation that followed resulted in the formation of the wedge pattern. Data from the chart indicates that this wedge has held for over a year, with XRP now trading around the lower trendline at the current price of 0.00002135 BTC.
CryptoWZRD believes a breakout could lead to a “parabolic” rise for XRP. Data from his chart indicates that he expects such a parabolic rally to push the XRPBTC pair to 0.000048, a 116% increase from current levels. For context, the last time the pair reached this level was in June 2019.
Should the rally play out and Bitcoin maintain a price around $90,000, it would take XRP to $4.32, representing a new all-time high. CryptoWZRD noted that the breakout could ensue once the Bitcoin dominance, which currently stands at 59.83%, starts declining.
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