XRP's chart structure points toward a potential continuation, but confirmation above wedge resistance remains necessary before a broader measured target near $15 could activate. Meanwhile, strong growth in RLUSD, the stablecoin on the XRP Ledger, adds network activity context to the setup, even as current price action shows short-term selling pressure around established support levels.

The move toward a potential $15 objective depends on repeated structural confirmation, with a smaller wedge formation serving as the immediate technical trigger at this stage. The $15 figure derives from a measured-move approach, a charting technique that projects the height of a prior structure outward from the breakout point; such projections are inherently conditional on the breakout being confirmed.

Bullish Structure Builds Around Historical Patterns

The broader chart shows XRP moving through several contracting formations. Earlier breakouts from comparable structures preceded sharp advances and extended continuation phases, and the current setup follows a broadly similar sequence of compression and expansion.

Analyst JAVONMARKS recently pointed to this historical behavior in his XRP analysis. He referenced XRP's previous move from roughly $0.50 to above $3.30, basing his comparison on the structural similarities between the earlier and current formations.

The larger formation features descending resistance and gradually rising lower boundaries. This compression creates a narrowing range between the opposing trendlines, and a sustained break from that range could determine the next directional phase.

XRP's price at the time of writing stands at $1.41, following a decline from approximately $1.47. The price recently failed to hold the $1.44 area after reaching higher intraday levels. That weakness keeps immediate confirmation necessary before the broader bullish structure can strengthen.

Smaller Wedge Becomes the Immediate Technical Test

The latest formation resembles a smaller descending wedge or bullish flag. Its boundaries continue to compress following the preceding upward movement, and such structures require a confirmed resistance break before continuation becomes technically established.

Marks identifies this smaller formation as the next potential catalyst. His projected measured move reaches approximately $15 after a successful breakout, meaning the projection depends on confirmation rather than the target itself.

The historical comparison extends back to XRP's 2017 market structure. Marks notes that XRP reached a similar measured objective during that cycle, and price subsequently exceeded that objective by a considerable margin.

For the present setup, $1.40–$1.41 remains an important support area. Holding that zone could provide room for another recovery attempt, while $1.43–$1.44 represents an immediate resistance area above current levels.

RLUSD Growth Adds Network Activity to the Setup

Analyst Shaminem recently highlighted contrasting stablecoin trends involving the XRP Ledger. Total stablecoin supply reportedly declined 6% since May, while RLUSD supply on XRPL increased 39% to approximately $934 million.

RLUSD is a US dollar-pegged stablecoin issued by Ripple, launched in late 2024, and operates on both the XRP Ledger and Ethereum. Its expansion comes amid broader competition in the dollar-pegged token market, which is dominated by larger incumbents such as Tether's USDT and Circle's USDC, making RLUSD's growth notable relative to the overall market's recent contraction.

The data also shows considerable RLUSD issuance and redemption activity. Around $450 million was issued during the past 30 days, and another $450 million was reportedly redeemed over the same period. That turnover indicates active movement through the RLUSD market rather than simple supply expansion.

The figures also point to substantial dollar-denominated activity across the XRPL ecosystem. However, RLUSD circulation does not directly require equivalent XRP purchases, so network usage metrics and XRP's price can move independently.

The combined picture remains dependent on technical confirmation and support retention. A break above the smaller wedge would strengthen the continuation structure. Conversely, losing the $1.40 level could weaken the setup and shift attention toward further downside.