XRP Has Been Stuck in a Sideways for Almost 200 Days as Traders Struggle to Predict the Next Move

For more than six months, the price of XRP has been moving within a broad channel between $1.90 and $2.90. Despite several breakout attempts following a nearly 500% surge in November 2024, the asset has failed to exit this range. Currently, XRP is trading around $2.13. The ongoing consolidation has left traders in a state of anticipation, with no clear consensus on the next directional impulse.

Symmetrical Triangle Suggests a Possible Upside Breakout

Analyst Mikybull Crypto highlighted the formation of a symmetrical triangle on the three-week XRP chart. In his view, this pattern mirrors the setup seen in 2017, a period that preceded a 1300% rally to $3.40. The current formation once again points to a potential breakout. If history repeats itself, the upside target could be as high as $3.70 — roughly a 75% increase from current levels.

Fractals and Long-Term Outlook

Analyst GalaxyBTC offered a more long-term perspective by comparing the current XRP market to the 2014–2017 consolidation phase. During that period, XRP remained range-bound for 1,267 days before a sharp upward move. The current cycle has already extended over 2,470 days — nearly seven years. This scenario implies a possible rally to the $8–$10 range.

Forecasts Extend as High as $25 and Beyond

Some analysts have even suggested more ambitious price targets, ranging between $25 and $27. These projections are based on Fibonacci levels and speculative scenarios such as the potential approval of an XRP-based ETF. While these forecasts remain speculative, they reflect growing optimism and heightened expectations in the market.

Alternative Bearish Scenario

Not all market participants are optimistic, however. A developing "cup and handle" pattern may indicate a bearish reversal. According to this structure, XRP has already retreated from its March peak around $2.90 and is starting to lose support. If this pattern plays out, the next downside target would be $1.33 — a level that aligns with the 0.382 Fibonacci retracement and previously acted as major resistance in 2021.

XRP remains in an accumulation phase, but market signals continue to contradict one another. Investors and traders are closely watching the price action, waiting for confirmation of either a bullish or bearish breakout.

This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.