Report: Xrp Price 'starting To Respond' To Gold's Multiyear 180% Boom: Analyst

XRP mirrors gold’s past breakout pattern, fueling speculation of an $8–$10 rally in 2026 if the fractal continues to play out.

XRP (XRP) is on track to repeat gold’s multiyear rally in 2026, according to analyst Steph is Crypto.

XRP is tracking gold’s past breakout structure, supporting $8–$10 targets if the fractal holds.

Failure to reclaim the 100-week EMA could send XRP back toward the $1.61–$1.97 range.

The bullish outlook took cues from gold’s recovery in late 2022, which occurred after two years of consolidation inside the $1,620-2,055 area.

In 2020-2022, the precious metal formed the classic five-wave structure of the Elliott Wave Theory, including a descending channel pattern during the wave 3-4 formation, as shown below.

In November 2022, gold broke decisively above its long-term resistance. What followed was a sustained expansion phase, with prices rising by roughly 180% and pushing to record high levels of around $4,550 in December 2025.

Related: Crypto lagged gold, stocks, but 2026 offers chance for ‘catch up’

XRP’s recent price action shows notable similarities to gold’s 2020–2022 consolidation phase.

After spending months within a descending channel (wave 3-4), XRP price surged nearly 30% in the first week of 2026, breaking above that structure and signaling upside momentum for the year ahead.

Source: CoinTelegraph