Altcoins News

Story: XRP News : Ripple’s Token Eyes $5 as It Breaks a 7-Year Pattern

By Pankaj K

1 / 15

A Historic Technical Breakout. For nearly a decade, XRP traded inside a symmetrical triangle, with lower highs and higher lows…

2 / 15

Accumulation and Support Zones Strengthen the Case. According to on-chain data, investor activity around XRP has increased significantly since the…

3 / 15

Fibonacci Models Point to $8, $13, and $27 Targets. Price models built on Fibonacci extensions suggest that XRP could eventually revisit levels as…

4 / 15

Short-Term Volatility Still a Concern. Despite the bullish long-term setup, the short-term outlook remains cautious.

5 / 15

ETF Momentum Adds Fuel to the Fire. Beyond technicals, the narrative around a potential spot XRP ETF continues to excite investors.

6 / 15

Long-Term Outlook: Poised for a New Cycle. The broader crypto landscape supports the idea that XRP could be entering a new growth phase.

7 / 15

Ripple’s XRP has entered one of its most exciting phases in years. Trading near $2.51, the asset recently confirmed a breakout from a seven-year symmetrical triangle pattern — a…

8 / 15

The breakout comes as speculation intensifies over a possible spot XRP exchange-traded fund (ETF) in the United States.

9 / 15

For nearly a decade, XRP traded inside a symmetrical triangle, with lower highs and higher lows compressing its price into an increasingly narrow band.

10 / 15

This move propelled the token above multiple resistance levels, including the candle close highs from the 2021 bull market. Since then, XRP has consolidated between $2.00 and $3.

11 / 15

Market analyst ChartNerd noted that the breakout is structurally similar to the 2017 pattern that preceded XRP’s explosive rally to over $3.80. “The macro setup remains intact.

12 / 15

Technical analysts believe the $2.00–$2.30 zone now acts as a strong foundation. ChartNerd highlights that this area has remained stable for almost a year, serving as both a…

13 / 15

On the upside, XRP faces its next major resistance near $2.75. A clean breakout above that level could trigger a rapid move toward $3.50, and later $5, as momentum accelerates.

14 / 15

“The market is behaving almost identically to previous cycle setups,” one trader posted on X. “As long as XRP stays above $2.20, we’re looking at continuation, not correction.”

15 / 15

Price models built on Fibonacci extensions suggest that XRP could eventually revisit levels as high as $8, $13, and even $27 in the next cycle.

The Currency Analytics

Want the full story?