XRP's price movement has gained attention after breaking a multi-year triangle pattern in November 2024, showing significant growth potential.
Breakout of Multi-Year Pattern
For nearly six years, XRP's price was trapped inside a large symmetrical triangle. The asset formed lower highs and higher lows, narrowing into a tighter range since 2018 when the price was around $3.30. In November 2024, XRP broke through the upper trendline, ending the long consolidation phase and shifting the long-term trend to bullish. Expert Ali Martinez notes that Fibonacci levels indicate a target of $12.60.
Short-Term XRP Price Levels
Earlier this month, Martinez highlighted $3.27 as a key level. If XRP can close above it, the next target is likely around $3.60. At the time of writing, XRP price is near $3.14, just below the breakout point, with strong support between $2.40 and $2.50.
Analysis of XRP Chart
From 2018 to 2024, XRP's price coiled between a downtrend line on top and an uptrend line on the bottom. This slow squeeze finally ended with the November 2024 breakout, which came with strong buying momentum and a clear shift toward the bulls. In 2025, XRP has already made a run toward $3.60 before pulling back to retest the breakout area.
The breakthrough of XRP from a multi-year triangle pattern could lead to significant price changes, with experts predicting a possible rise to $12.60 if the $3.27 level is surpassed.
