XRP is showing signs of strength after a prolonged period of sideways movement, with traders identifying a familiar price structure that previously led to significant gains. Currently trading at $1.94, XRP has increased by 2.13% in the past day but remains down 7.2% over the past week. Technical analysis suggests XRP is nearing the end of a long consolidation phase, potentially setting the stage for a breakout toward $4, which would require a price surge of over 100%. Trader DonWedge highlighted a repeating technical pattern on a 12-hour chart, noting that XRP has formed a descending channel following a strong rally, similar to past movements. This pattern previously saw XRP rise from $0.49 to $3.34 between November 2024 and January 2025. The current structure mirrors this setup, with XRP pressing near the lower boundary of the channel, indicating potential for a new uptrend. Additionally, Elliott Wave analyst XForceGlobal suggests XRP is in an accumulation phase, with a possible target of $6. He emphasizes that extended consolidation often precedes strong breakouts, and despite recent volatility, the long-term outlook remains positive. While these targets are not guaranteed, the technical indicators suggest XRP is building momentum for a potential breakout.