- XRP is approaching a key technical point that may lead to a breakout after over six years of consolidation.
- Fibonacci levels suggest possible price targets up to $27, indicating significant upside potential.
- Institutional interest is growing, with spot XRP ETFs in the U.S. attracting over $1.18 billion in inflows since November 2025.
- Confirmation of the breakout depends on sustained price movement above the descending triangle’s resistance and supportive volume indicators.
The cryptocurrency XRP is nearing a crucial technical juncture as it tests long-term resistance levels. Since 2018, a descending triangle pattern has formed on XRP’s price charts, culminating in a potential breakout point expected around November 2024. This technical setup involves lower highs converging toward a stable support line called the “Line of Hestia,” which historically has helped stabilize XRP during price corrections.
According to analyst Egrag Crypto, there is a 70% chance of a bullish breakout if XRP clears the triangle’s upper boundary. The pattern represents one of XRP’s lengthiest consolidation phases, spanning more than six years. Price targets based on Fibonacci retracement levels include $9, $18.50, and up to $27, representing gains that could exceed 1,300% from the current price near $1.86. Egrag Crypto noted, “The next 10 days are crucial for XRP. From a pure technical analysis perspective (ignoring fundamentals for a moment), this could be the most pivotal price action in XRP’s history.”
XRP spot exchange-traded funds (ETFs) launched in the United States in November 2025 have attracted more than $1.18 billion in cumulative inflows. These ETFs have maintained consistent net deposits daily without any outflows since their inception on November 13. Vincent Liu, CIO of Kronos Research, stated “Spot XRP ETFs surpassing $1B in cumulative volume shows rising institutional appetite for regulated exposure beyond BTC and ETH. Despite a cautious macro backdrop, the steady inflows suggest investors are positioning early around assets with improving regulatory clarity and differentiated narratives.” The inflows are concentrating XRP supply within regulated investment channels, potentially reducing available tokens on exchanges while reflecting institutional confidence.
Despite these signals, confirmation of a breakout requires sustained price momentum above the descending triangle’s resistance line. Market participants monitor volume patterns and technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) to validate momentum. Previous false breakouts in cryptocurrency markets highlight the importance of confirming this move before concluding a long-term trend change. The convergence of technical patterns, Fibonacci projections, and ETF inflows creates a unique market environment for XRP heading into late 2024 and beyond.
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