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$XRP continues to defend its multi-year triangle breakout despite recent declines, with bullish targets up to $27 still in play.
$XRP has shown signs of recovery after months of decline, briefly reaching $1.6 on March 17 before facing renewed selling pressure. Despite the pullback and the ongoing downtrend since October 2025, $XRP still holds above a major breakout level, keeping its long-term outlook intact.
Key Points
- $XRP climbed to $1.6 on March 17 before pulling back, continuing a broader downtrend that has persisted since October 2025.
- Data shows a multi-year ascending triangle formed from the $3.3 peak in January 2018 with higher lows at $0.10, $0.17, $0.28, $0.38, and $0.5.
- $XRP confirmed a breakout in November 2024, rallying from $0.5 to $3.4 in January 2025 and later reaching $3.6 in July 2025.
- The asset has since declined for five consecutive months, falling to around $1.4, representing a 61% drop from its July 2025 peak.
- Data indicates the current price action remains above the former resistance level, suggesting the breakout is still intact despite the correction.
- Long-term projections based on the structure place key targets at $8, $17, and $27, provided the trendline continues to hold.
Multi-Year Ascending Triangle Structure Remains Intact
This came from an analysis presented by EGRAG Crypto amid recent struggles. As the market battles continuous uncertainties, the market watcher called attention to a large multi-year ascending triangle (MYATL) that has developed over several years.
He noted that the breakout above this triangle has already happened, and the market is now going through a retest phase, which he considers normal. Amid the retest, $XRP continues to hold above the MYATL while forming a triangle pattern with rising support and a steady resistance level.
For the uninitiated, an ascending triangle forms when prices make higher lows while facing a fixed resistance level. This shows that buyers are stepping in earlier each time, while sellers lose strength at the top. Over time, this builds pressure that can lead to a breakout.
$XRP’s Triangle Breakout
Notably, the pattern started forming after $XRP reached $3.3 in January 2018 and then declined. The price later dropped to $0.10 in March 2020, which marked a major low. From there, $XRP began to recover, forming higher lows even during pullbacks.
These higher lows include $0.17 in December 2020, $0.28 in June 2022, $0.38 in July 2024, and $0.5 in November 2024. Each of these points helped guide the rising support line of the triangle. At the same time, $XRP could not move past the $3.3 level between January 2018 and November 2024, which created the flat resistance line.
The breakout finally came in November 2024, when $XRP moved up from $0.5 to $3.4 in January 2025. After a short pullback, it pushed higher again and reached $3.6 in July 2025, confirming strong upward momentum.
Since then, the market has turned lower. $XRP has recorded five straight months of decline since October 2025, falling to about $1.4. This marks a 61% drop from the $3.6 peak in July 2025. EGRAG Crypto sees this move as a retest of the breakout level. He pointed out that the price still stays above the old resistance line, which now acts as support, showing that the breakout is still holding.
Long-Term $XRP Price Targets
EGRAG Crypto believes the structure remains strong as long as the trendline holds. According to him, the current drop is part of the process, not a sign of weakness. The analyst stressed that markets often pull back after a breakout before moving higher again.
Speaking further, he set key targets at $8, $17, and $27, based on Fibonacci projections. However, he noted that reaching these targets will take time and also depends on the structure continuing to hold. From the current position, $XRP would need to rise 471% to hit $8, 1,114% to claim $17, and 1,828% to reach the ultimate $27 target.