Peter Smith
⬤ XRP is trading near the $1.30-$1.40 zone while holding a multi-year ascending triangle formation. The macro structure, built on a long-term trendline known as MYATL, remains intact. As EGRAG CRYPTO noted, the breakout already happened - what we are seeing now is a retest, not a reversal.
⬤ The multi-year ascending trendline continues to act as dynamic support, with the former $1.30-$1.40 resistance now flipping into a retest zone. This is a textbook post-breakout setup - XRP retests $2.00 support after multi-year breakout described the same dynamic, where previous resistance becomes new support after confirmation.
⬤ Fibonacci extensions on the chart point to $8, $17, and $27 as long-term upside targets if the structure holds. XRP price analysis targeting $27 after decade-long breakout outlines how large-scale triangle breakouts can fuel extended cycles - and XRP crypto news triangle breakout targets $10-$27 zone reinforces that such projections are conditional on structure holding over time.
⬤ As long as XRP trades above the ascending trendline, the current pullback fits the broader continuation pattern. The retest phase is a natural bridge between breakout and expansion - higher timeframe setups tend to play out in exactly this sequence, with the next leg depending on whether support holds.
Peter Smith
