After being rejected from the $1.55 barrier on Thursday, XRP dropped nearly 8%, continuing its consolidation below this crucial resistance. Amid this performance, a market watcher highlighted a multi-year pattern that could push the price toward new highs.
XRP Multi-Year Pattern Takes ShapeIn an X post, the analyst highlighted a Cup and Handle pattern, which has been forming since 2018. The chart below shows that the pattern completed the cup during its mid-2025 rally and has been forming the handle since the altcoin reached its latest all-time high (ATH).
Based on this, he suggested that XRP “may seek a Gaussian Channel retest to mark a periodic bottom,” as the indicator has been a strong confluence area over the past nine years.
Nonetheless, he affirmed that, regardless of where the macro low is marked, “future FIB extensions await above targeting $8,” with two potential double-digit targets sitting around the $13 and $27 marks.
2,000% Expansion Ahead?Since 2020, the altcoin has been developing the same pre-breakout setup, when XRP reached its bear market bottom and created an ascending support level that has held for roughly six years.
“If XRP respects this pattern into late 2026, this is where we could potentially create the third retest, which is what we saw in the early cycles before the expansion in 2017,” the analyst previously stated.
As of this writing, XRP trades at $1.43, a 6% decline on the daily timeframe.
