XRP faced rejection from the $1.55 barrier, leading to an 8% drop and continued consolidation below this important resistance level. Amidst this performance, a market analyst pointed out a multi-year pattern that could drive the price to new highs.
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XRP Multi-Year Pattern Emerges
ChartNerd, a market observer, recently shared a long-term perspective on XRP’s price, highlighting a multi-year formation with significant potential for future upside. The analyst pointed out a Cup and Handle pattern that has been forming since 2018, indicating a bullish trend ahead.
The chart analysis showed that the cup was completed during a rally in mid-2025, with the handle forming since XRP’s latest all-time high. The analyst suggested that XRP might retest a Gaussian Channel to establish a periodic bottom, as this area has been a strong confluence zone over the past nine years.
The $0.70-$0.90 range could potentially mark the bottom of the handle, with the 0.50 FIB level providing support in the same area. Despite a possible rejection from the $1.60-$1.80 range, the analyst believes that XRP could target $8 in the future, with double-digit targets at $13 and $27.
Potential 2,000% Expansion
ChartNerd also noted that the potential handle bottom aligns with a key multi-year retest inside a fractal pattern. XRP seems to be following a setup similar to the one that led to a massive 68,000% expansion during the 2017-2018 rally.
The cryptocurrency has been developing a descending channel since 2020, which could result in a third retest of the ascending trendline and a 2,000% rally towards a new double-digit high. If this pattern continues into late 2026, XRP could see significant growth, similar to previous cycles.
As of now, XRP is trading at $1.43, reflecting a 6% decline on the daily timeframe.
Featured Image from Unsplash.com, Chart from TradingView.com