XRP has been consolidating for weeks. On the daily chart, a recognizable technical structure has formed, and crypto commentator Shibo (@GodsBurnt) highlighted it. He said XRP is about to melt faces, and his ultimate target for XRP is $589.
The chart shows a classic bull flag pattern. A sharp vertical rally in late August served as the flag pole, lifting XRP from roughly $0.98 to near $1.68. That move established the base for everything that followed.
The Flag Channel
After the initial surge, XRP entered a descending consolidation channel. The asset’s price moved in a controlled downward trend between two converging trendlines. The channel formed the flag portion of the bull flag pattern.
This kind of compression is typical after a strong impulse move. The market absorbs the earlier rally before deciding on the next direction.
ripple:native IS ABOUT TO MELT FACES.
The last time we saw anything like this XRP did a 1000x return.
This is your FINAL warning to get on this rocket before it TELEPORTS to $589.00.
Non-believers and low IQ people will try to convince you that this is impossible but they… pic.twitter.com/ht0V3qjJdf
— Shibo (@GodsBurnt) September 19, 2026
The Breakout
XRP recently broke above the flag channel’s upper trendline. Shibo labeled this point on the chart. The move took XRP beyond $1.40 and into higher ground, confirming the pattern.
Shibo’s projected trajectory extends well above $1.90, based on the arrow drawn on the chart. The annotation suggests he expects continued momentum following the breakout confirmation.
Shibo’s Position
Shibo posted the chart with a strong statement about XRP’s potential. He called it the “best kept secret in the universe.” This mirrors many experts’ sentiment that the asset could be a big missed opportunity. He argued that the pattern, combined with what he described as XRP’s foundational role in global finance, supports a major price increase.
He referenced historical performance. He wrote, “The last time we saw anything like this, XRP did a 1000x return.” That claim points to earlier bull cycles where XRP produced outsized gains from low bases. Based on the pattern and his analysis, Shibo expects XRP to teleport to $589.
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Shibo also issued a clear call to action, “buying XRP now can retire your bloodline for eternity.” The language is aggressive, but the technical reasoning centers on the bull flag structure and the breakout confirmation.
Where XRP Stands Now
XRP is trading near $1.40 at the time of Shibo’s post. The breakout level aligns with prior resistance. If price holds above this zone, technical traders typically expect a measured move equal to the height of the flag pole. Whether XRP follows through depends on sustained buying pressure above current levels.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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