[Digital Today reporter Yoonseo Lee (이윤서)] XRP is extending a rebound toward a breakout zone at the top of a right-angled descending broadening formation that has continued since 2025.

The Crypto Basic, a blockchain media outlet, reported on Oct. 5 (local time) that if the rebound holds, XRP could move to test resistance around $3.50. It said the technical target would be around $6 if XRP clears that zone.

The key is that XRP has stayed in a long-term declining structure, but the recovery that began on Aug. 19 has raised the chance of another attempt at the upper resistance line. Still, it is not at a stage to talk about an immediate breakout at current price levels. XRP rebounded more than 54 percent after hitting an August low of $0.98 and rising to $1.51, but it still has room to go to reach $3.50, where the upper trend line sits.

A right-angled descending broadening formation is a pattern in which the upper trend line stays flat while the lower trend line gradually falls, widening the price range. If it forms in a downtrend, it can be interpreted as bullish. XRP began forming this structure after a sharp rise in November 2024, and as expectations grew for Donald Trump to win the presidential election, XRP rose from $0.50 in November 2024 to $3.40 in January 2025. That peak aligned with the pattern’s horizontal upper boundary.

XRP then fell to $1.60 in April 2025, testing the lower trend line for the first time. Buying interest entered at that level and pushed it back up toward the top, and the price ultimately logged an all-time high (ATH) of $3.66. But resistance around $3.66 overlapped again with the upper trend line, blocking further gains.

XRP then fell about 67 percent from around $3.00 to $0.98 in August 2026, retesting the lower trend line. As it rebounded afterward, buying interest around the lower boundary was confirmed again.

A significant rise is still needed for a break above the upper boundary. The upper trend line is near $3.50, meaning XRP would need to rise another 131 percent from $1.51 to reach that level. Given the current price, the possibility of a pullback before reaching $3.50 has also been raised.

The key question is whether XRP breaks above $3.50. If XRP clears that resistance and confirms a bullish resolution of the pattern, the next target is calculated at around $6. That figure is derived from the pattern’s widest range, adding $2.52 — the difference between $3.50 and the low of $0.98 — to the breakout level. If XRP reaches $6, it would set a new all-time high and stand about 70 percent above the $3.50 upper trend line.

XRP’s next move therefore depends on whether it can sustain the current rebound and whether it can actually break through the $3.50 resistance that has blocked gains twice. How XRP behaves at the $3.50 resistance line is expected to be the benchmark for judging the next trend.