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Reading: XRP forms multi-year ascending triangle, analyst sees breakout above $3.50
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COINTURK NEWS > Ripple (XRP) > XRP forms multi-year ascending triangle, analyst sees breakout above $3.50
Ripple (XRP)

XRP forms multi-year ascending triangle, analyst sees breakout above $3.50

In Brief

  • 🚀 XRP forms a multi-year ascending triangle, setting the stage for a possible breakout above $3.50.

  • 📈 Technical analysts note $1.25 as the current price, with support at $0.80 and resistance at $3.50.

  • 🔎 Crypto analyst JD highlights compression in $XRP, projecting higher targets if resistance breaks.
Onur Atam
Onur Atam 9 seconds ago
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A well-known crypto analyst has identified a long-term ascending triangle pattern on XRP’s price chart, which is attracting significant attention from market participants. The technical formation on the 2-week chart has prompted traders and analysts to speculate about the likelihood of a major breakout, with key price targets far above XRP’s current value.

Contents
Technical pattern forms on XRP chartAnalyst’s outlook and market reactionKey price levels and breakout scenarioPotential risks and confirmation triggers

Technical pattern forms on XRP chart

XRP, the digital asset powering payments network Ripple, has established a series of higher lows since 2020. According to analyst JD (@jaydee_757), these higher lows trace a rising trendline that extends from approximately $0.14 in early 2020 through several support points in subsequent years.

The support area, which underpinned major gains—including a 500% advance in late 2024—now sits in the $0.75 to $0.80 range. On the upside, XRP has consistently faced rejection at a flat resistance zone near $3 to $3.50. Both the 2021 and 2025 rallies failed to sustain price action above this band.

These converging boundaries form what technical analysts describe as an ascending triangle pattern. As price compresses between rising support and flat resistance, the triangle apex is projected to emerge around 2027, tightening the setup and setting the stage for a potential breakout.

JD, a crypto analyst known for technical charting, spotlighted XRP’s higher lows since 2020 and flat resistance at $3.50. He pointed out that the pattern “compresses price over time,” emphasizing that a confirmed breakout could lead to a substantial upward move.

Mini dictionary: Ascending triangle, a technical analysis pattern defined by a rising support line and horizontal resistance, suggesting bullish continuation if the price breaks above the top boundary.

Analyst’s outlook and market reaction

JD shared his chart with the community, underlining the long-term nature of the formation and urging traders to consider the impact of a breakout above $3.50. He referenced his previous calls where he identified major cycle tops in XRP, adding that last cycle’s top was projected using technical analysis alone and generated seven-figure profits. For the current cycle, JD has set a personal target of eight figures and aims to time another market peak.

The post caused considerable discussion among XRP traders, who debated timelines and the validity of multi-year technical patterns as market signals. While some argued that external factors could disrupt the pattern, others shared optimism regarding XRP’s compressed structure.

Key price levels and breakout scenario

At the time of publication, XRP trades close to $1.25. This price remains above historic support in the $0.70 region, while still below the resistance zone between $3 and $3.50. The ascending triangle has not yet resolved, and price action remains compressed within its boundaries.

Key LevelApproximate ValueStatus
Support$0.75–$0.80Active (since 2020)
Current Price$1.25Within triangle
Resistance$3–$3.50Tested (2021, 2025)
All-time High$3.65 (July 2025)Failed to hold

If XRP maintains higher lows and eventually closes decisively above the resistance zone, analysts suggest a potential for a sharp upward move. In classical technical analysis, confirmation would require a breakout followed by a successful retest, after which momentum could carry XRP to new highs. JD’s projected path shows a large upward arrow beyond $3.50, pointing to targets not seen in previous cycles.

Potential risks and confirmation triggers

The validity of the pattern hinges on XRP holding above the rising support trendline. A breakdown below this line could negate the bullish structure and leave the long-term outlook in question. Traders are watching both for continued price compression toward the triangle’s apex and for breakout signals should resistance be breached.

While the pattern is widely followed, analysts advise caution, pointing out that market conditions, external developments, and unexpected news could all impact the eventual resolution of the ascending triangle.

The multi-year ascending triangle has yet to be completed. XRP remains pressed between its established support and resistance levels, with potential for renewed momentum if a breakout above $3.50 occurs.

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Onur Atam 2 November, 2026 - 8:16 pm 2 November, 2026 - 8:16 pm
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Onur Atam
By Onur Atam
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The author, who is an attorney, specializes primarily in Information Technology Law and Commercial Law. His areas of interest include internet technologies, the cryptocurrency ecosystem, blockchain applications, and next-generation financial technologies.He closely follows developments in digital assets, cryptocurrency regulations, fintech applications, e-commerce, data security, and areas where technology intersects with the law. His goal is to provide a clear and accessible analysis of current developments in the fields of cryptocurrency and financial technologies from a legal perspective.
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