Analyst: XRP distribution period does not affect the long-term target of $20! In the short term, it may first hit the $4 threshold.

Despite the fact that Ripple (XRP) has fallen over 20% from its July peak, several analysts remain bullish on its long-term growth potential. Well-known analyst XForceGlobal stated that the current "distribution" phase is a healthy technical consolidation that will not change his macro target of a $20 cycle peak. In the short term, if XRP can break through the symmetrical triangle pattern, the first target price will be set at $4.

Macroeconomic Outlook: The $20 Cycle Top is Still in the Works

(Source: XForceGlobal)

XForceGlobal pointed out in its latest analysis that the XRP price trend is still in a long-term bullish structure. The daily chart shows it consolidating within a symmetrical triangle, gathering strength for the next wave of pump.

He emphasized that although 4 dollars is a short-term psychological resistance, this does not change the macro bullish trend, and the long-term cycle peak is still looking towards 20 dollars or even higher.

According to his point of view, there may be two scenarios in the current market:

Distribution period after the pullback: Similar to the healthy consolidation of past cycles, it creates a new chip structure before a significant breakthrough.

The stable period between Wave 3 and Wave 4 of the Elliott Wave Theory: After completion, a "massive" Wave 3 upward movement will follow.

Short-term technical outlook: Symmetrical triangle breakout looking towards 4 dollars

(Source: Trading View)

TradingView data shows that XRP is currently trading within a daily symmetrical triangle, and the price needs to close above 3 dollars on the daily chart to confirm the breakout.

First resistance level: $3 (upper boundary of the formation)

Key resistance level: $3.66 (eight-year high)

Target for morphological measurement: $4 (an increase of about 34% from the current price)

(Source: Trading View)

Senior trader Matthew Dixon also believes that the triangle belongs to the distribution phase between the 3rd and 4th waves of the Elliott Wave Theory, with the potential target of the 5th wave also pointing to 4 dollars.

Price Review and Market Sentiment

Since reaching a multi-year high of $3.66 on July 18, XRP briefly fell to $2.72, a decline of 22%, before rebounding to the current approximate $3.

Although short-term volatility has intensified, the technical charts and analysts' perspectives indicate that this resembles a "halftime break" in an upward trend, rather than a reversal signal.

Multiple technical charts also point to a short-term target range of $4.40 - $6. If the $4 barrier is broken, the pump may accelerate.

Conclusion

The current distribution period of XRP has not shaken analysts' confidence in the long-term target of $20. In the short term, the market focus will be on the $3 breakout and the $4 pattern target. Once the breakout is confirmed and volume increases, XRP is expected to welcome one of the strongest bullish waves in years. For long-term investors, this could just be the starting point towards higher price levels.