A 65,900% price surge. That’s what followed the last time XRP touched the trendline it’s sitting on right now — back in 2017, when the token was trading at less than a penny.
Pattern Repeats At Key SupportMarket analyst Mikkybull flagged the development this week, pointing to a multi-year ascending parallel channel that has shaped XRP’s price movement since its early days.
The first came in February 2017, when XRP fell to $0.0050. Within roughly a year, the price climbed to $3.31 — a rise of over 65,000%.
The second retest happened in November 2024, when XRP slid toward $0.50. From there, the token rallied to $3.40 by January 2025, a gain of about 500% in three months. Reports indicate that rally was partly driven by optimism surrounding US President Donald Trump’s election victory.
Now XRP sits at approximately $1.38, having slipped from a recent high of $1.4567 following a broader market pullback. Bitcoin, which had briefly reclaimed $82,000, pulled back to around $79,700 in the same period. Altcoins followed.
$12 Target Emerges From Channel MathThat would mark a new all-time high for the asset, surpassing the $3.60 record set in January 2025, and would require a gain of roughly 760% from where XRP trades today.
For that move to begin, XRP first needs to break above a descending trendline that has capped its price since January. The token has been trending downward within that structure for months, and Mikkybull says clearing that resistance is the trigger for any meaningful upside.
A second analyst, Myles G, added weight to the bullish case from a different angle. According to his analysis, XRP has been forming a symmetrical triangle over the course of several months and is approaching a breakout point. He wrote simply that XRP is “about to launch.”
Two Analysts, One Directional CallFeatured image from Pixabay, chart from TradingView
