XRP, a 62% Drop: The Final 'Shakeout' Before a Surge?

▲ XRP

Market analysis suggests that XRP could enter a breakout trend this week after shaking out individual investors.

The Crypto Basic reported on May 21 (local time) that market expert MichaelXBT maintains a bullish outlook on XRP, noting that it is currently in a falling wedge pattern on the weekly chart. He believes XRP could first shake out less confident investors before a breakout.

According to the article, XRP traded at $1.37, down 62% from its all-time high of $3.66 recorded in July 2025. Even before the broader market downturn intensified in October 2025, XRP had already fallen 22% from its all-time high, and subsequently continued a prolonged downward trend, setting lower highs.

MichaelXBT's chart suggests that this price action formed a falling wedge pattern that has persisted for several months on the weekly chart. XRP attempted to break through the upper resistance line several times near $3 from September to October 2025 but failed, and was again rejected at $2.41 in January 2026.

Currently, XRP is approaching the apex of the falling wedge pattern. MichaelXBT stated, “XRP will shake you out this week,” adding, “Then the breakout will begin.” He argued that market makers intend to push the public out of the market due to the market structure.

For XRP to definitively break above the upper resistance trendline of the falling wedge on the chart, it needs to surpass the $1.50 mark. Another market commentator, Matt Hughes, assessed in a recent analysis that XRP's breakout readiness would only be complete after closing above $1.51.

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