XRP Eyes $8.30 Target As Rare Chart Pattern Emerges From Prolonged Decline

XRP analyst identifies a nine-month falling wedge pattern that could see the token drop to 83 cents before potentially rallying to $8.30. XRP has posted six consecutive monthly losses, its worst streak since 2014, while trading around $1.30 within a compressed range.

• →XRP has experienced six straight months of losses, the worst streak since 2014, with the token falling from a July 2025 peak of $3.60 to around $1.30
• →Technical analyst identifies a falling wedge pattern spanning nine months with key resistance at $1.80 and potential support at 83 cents
• →A breakout from the wedge pattern could target $8.30, but closing above $1.80 would invalidate the current setup
• →The token may first need to test the lower support around 83-91 cents before any significant upward movement begins
• →April is already trending negative at -1.80%, which could mark XRP's first seventh consecutive monthly loss in its history