Alex Dudov
Crypto traders are turning their attention back to XRP (Ripple) as new long-term chart analysis suggests the asset may be approaching a major bull phase. The data reveals a strikingly similar setup to XRP's historic surges in 2017 and 2021—periods that preceded extraordinary gains.
With momentum indicators showing familiar signals and XRP trading within its long-term ascending channel, the market could be witnessing the early stages of a multi-year expansion cycle.
Historical Pattern and Technical Structure
The weekly XRP/USD chart showcases a remarkably consistent price structure dating back to 2014. According to trader Amonyx, the asset has followed a clear ascending channel marked by two parallel trendlines that have historically contained its full bull-and-bear market cycles.
Each major XRP rally occurred after breaking decisively above the median trendline, leading to parabolic rises toward the channel's upper boundary. The current structure mirrors those past events almost exactly, with long-term base support around $7.88 forming the foundation of the ascending channel. The median resistance sits near $17.5—a critical zone that triggered major upward movements in previous cycles. The next key price zones range between $58 and $80, with extreme projections placing the upper channel boundary between $350 and $589 if the cycle fully repeats.
This framework suggests XRP has already re-entered its growth channel, marking a structural shift from consolidation to expansion. The RSI provides additional confirmation, currently displaying a trajectory similar to patterns seen before the 2017 and 2021 bull markets. Each time the RSI reached overbought levels in the past, it preceded major price accelerations, hinting that buying momentum may be building again.
Market Context and Investor Sentiment
XRP's surge above its long-term resistance zone could signal the beginning of an acceleration phase—typically characterized by sharp rallies and rising investor confidence. The pattern suggests a shift in market psychology as traders move from skepticism to renewed optimism.
This developing trend aligns with broader market optimism heading into 2026, when analysts expect another Bitcoin halving event to trigger renewed capital inflows across major altcoins, with XRP likely among the key beneficiaries.
Alex Dudov
