XRP traded higher on Monday as prominent chartists outlined sharply different paths for the token, with one calling a multi‑year breakout retest that could precede a run to new highs and another warning of a possible pullback toward $0.85. XRP changed hands around $1.35 over the last 24 hours, according to CoinMarketCap.
Analyst flags multi‑year triangle retest after 2024 breakout
Crypto analyst ChartNerd said on X that XRP is nearing a “critical retest” of a multi‑year symmetrical triangle that broke in Q4 2024. He compared the current structure to earlier cycle patterns between 2013 and 2017, highlighting a sequence of triangle compression, clean break, textbook retest, and potential “ignition.”
ChartNerd’s accompanying chart projected that, if the retest holds, XRP could ultimately accelerate toward a new all‑time high, with a target as high as $21. He cautioned that price could first dip below the psychological $1 level before any sustained advance. The analyst also noted elevated volatility and macro sensitivity, citing ongoing geopolitical tensions—including those involving the U.S. and Iran—that could hasten the timing of a retest.
Bullish signals point to new ATH, another analyst says
Separately, analyst Dark Defender wrote that a new all‑time high is “in sight” after XRP broke a key resistance level on the three‑day chart. He said XRP repeatedly held the $1.31 Fibonacci level, completed a C‑wave, broke above a resistance‑support triangle, and printed a bullish cross on the relative strength index (RSI). Those factors, he argued, strengthen the case for further upside.
Counterview: risk of a drop toward $0.85
Offering a more cautious outlook, analyst CasiTrades warned that XRP could still complete a five‑wave move to the downside, potentially reaching $0.85. In the near term, she sees scope for a pullback toward $1.09 after what she described as a relief bounce on ceasefire headlines related to U.S.–Iran tensions.
XRP price snapshot and context
At the time of writing, XRP was around $1.35, up on the day, according to CoinMarketCap. XRP is the native asset of the XRP Ledger, a blockchain designed for fast, low‑cost cross‑border payments and liquidity solutions. Analyst views cited above are market opinions and may not materialize; XRP remains in a high‑volatility zone where technical and macro factors can rapidly shift momentum.