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Experts say the XRP bear market has awakened for the following reasons

2026-08-30 01:00:29
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XRP has reached another noteworthy node in the current market cycle. Cryptocurrency analyst Bird (@Bird_XRPL) revealed that 589 days have passed since January 16, 2025, which he called the "real top" of XRP. "Today it has been 589 days since the true top of XRP on January 16, 2025," Bird wrote. He went on to say: "Look forward to the unexpected." His chart tracks XRP from a high above $3 in January 2025 to a continued decline thereafter. The latest price is close to $1.43.

Today, 589 days have passed since the true top of XRP on January 16, 2025. Expect the unexpected. The bear market wakes up pic.twitter.com/5RYcXPllHz-Bird (@Bird_XRPL) August 28, 2026

589's special significance to XRP

The number 589 has always carried great significance in the XRP community. It has long been closely linked to the narrative of the $589 XRP price, making this figure widely known among many XRP holders. One commentator linked it to the death of King Harald V of Norway, aged 89. This happened on the same day, providing another layer of correlation for 589. Bird's post gave this number an independent connection to the history of the XRP market. He uses 589 as the number of days since its January 2025 peak, rather than a price target. At the same time, the number is surrounded by bullish narratives.

XRP approaches US$1.50 region

The chart shows that XRP will be in the range of approximately $1 to $1.50 for most of 2026. It rose by more than 500% at the end of 2024 and exceeded $3 for the first time since 2018. This trend pushed prices higher to $3.39. Later that year, XRP hit a record high of $3.65, and then entered a continued decline. The asset has not yet fully recovered from this bear market. The bottom boundary was formed after XRP reached the US$1 region, and it has been difficult to maintain momentum in several rallies. The latest breakthrough has brought XRP back near this upper boundary. XRP briefly surged higher and then pulled back to around $1.43. If it can continue to exceed $1.50, XRP will have the opportunity to establish a new trading range. If it remains below this level, the existing consolidation structure will continue to function.

The next step may determine the direction of XRP.

Bird's chart places current price movements in a cycle that starts with a peak in January 2025. After months of consolidation, XRP is currently at a critical level. 1.50 The dollar area is the immediate test. If this level is exceeded, traders may focus on resistance from early 2025 structures. If a breakthrough fails, attention will still be focused on the established range and the US$1 region.

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