Crypto analyst Amonyx has published a long-term technical analysis of XRP, predicting the potential for a significant price surge that could propel the asset to levels never before sustained in its history. According to Amonyx, XRP is approaching a “supercycle” move, supported by a decade-long chart structure that is currently resolving upward. As of now, XRP is trading near $1.50, while projections on the chart point to a possible rise toward $45.50.
Decade-Long Chart Structure
The chart referenced by Amonyx was originally created by chartist MrGert and spans XRP price data from 2014 to an outlook into 2028. It utilizes a logarithmic scale to map the full market history of XRP and highlights three distinctive market cycles across the period.
The first cycle, running from 2014 to 2017, saw XRP consolidating below resistance before breaking out. The second cycle began in 2018 and reached its peak in 2021. During this phase, XRP surged toward a resistance area, briefly pulled back, recovered, and then failed again at the same barrier, causing this zone to act as a critical ceiling for several years.
“Each XRP cycle recorded in the chart has consistently produced a higher low and a stronger breakout. The difficulty in surpassing the $2.10 resistance level defined its market structure for years.”
Mini dictionary: Amonyx is a digital assets analyst known for technical forecasts and chart analysis, especially regarding XRP price cycles.
Breakout and Support Shift
The analysis highlights that the current, third cycle is now underway. A rising trendline connects XRP’s lows from 2018 through 2024, creating an ascending triangle formation. The upper boundary of this triangle is marked at the long-standing $2.10 resistance area.
XRP surged above $2.10 during a rally in late 2024, reaching highs above $3. This move transformed the former resistance level into a support zone. Since then, the price has corrected to $1.50, now sitting within what the chart identifies as a critical support area between $1.50 and $2.10, which is expected to serve as the launchpad for any further breakout.
| Cycle | Start | Peak | Resistance Level | Outcome |
|---|---|---|---|---|
| 1st Cycle | 2014 | 2017 | Beneath $2.10 | Broke resistance, surged |
| 2nd Cycle | 2018 | 2021 | $2.10 | Pulled back after failed break |
| 3rd Cycle | 2022 | Ongoing | $2.10 | Broke resistance, support now at $1.50-$2.10 |
Supercycle Target and Technical Context
On the chart, a prominent purple vertical line projects the anticipated supercycle move. It starts from XRP’s base in 2020 and points toward the upper right, signifying a potential rally to $45.50. This projection mirrors the structural dynamics of the 2017 breakout, indicating the possibility of steep acceleration if a supercycle takes hold.
Amonyx claims that the confirmation of the current phase comes from XRP’s successful break above years-long resistance. The analyst views this technical signal as a strong confirmation for an impending rally. However, the continuation of the bullish pattern depends on XRP’s ability to hold the $1.50-$2.10 support area.
“The next move depends on whether XRP can maintain its structure above the $1.50 critical level, holding this region could pave the way for a renewed surge.”
Current Price and Market Position
XRP is currently positioned within the support zone on the chart, trading at $1.50. The technical structure remains intact as long as the price holds above this support. Analysts regard a breakout above $2.10 as the key element for initiating another strong upward phase, while the historical role of this level as resistance now transforms it into a potential support buffer for further gains.
