- Charting Guy identifies similar technical patterns between XRP and BNB price structures
- BNB broke out to $1,082 all-time high following bullish oscillator crossover signal
- XRP trades around $2.9 while facing short-term pressure at key support levels
Market strategist Charting Guy has drawn parallels between XRP’s current price action and BNB’s path to $1,000, suggesting the cryptocurrency could be positioned for a similar breakout rally.
Despite XRP sliding below $3 amid broader market weakness, the analyst believes technical similarities could drive the token above $5 toward new record highs.
BNB’s recent performance provides the template for this projection, having broken out of extended consolidation in July 2025 following a bullish weekly oscillator crossover. The exchange token subsequently rallied to fresh all-time highs above $1,000, reaching $1,082 before encountering new resistance levels.
Technical Patterns Show Historical Parallels
XRP’s daily chart displays comparable setup characteristics according to Charting Guy’s analysis. Since late 2024, following its breakout above $0.5, XRP has moved lower under a descending resistance trendline while maintaining support around $2. The token broke this trendline in July 2025, advancing past $3.6 before entering sideways consolidation.
Current price action shows XRP confined within a trading box between approximately $2.7 and $3.6 for nearly two months. The daily oscillator has now generated a bullish crossover signal similar to the pattern that preceded BNB’s surge earlier this year.
Both assets exhibit identical sequence patterns including steep declines from highs, multiple tests of flat base support, breakouts from falling resistance lines, sharp spikes, and consolidation phases within rectangular ranges. BNB’s structure culminated in a breakout to record levels above $1,000, suggesting XRP could target similar percentage gains.
However, short-term technical concerns temper the bullish outlook. EGRAG Crypto warned that the 50-day exponential moving average approaches XRP around $2.77, with a break below potentially triggering further declines. The analyst identified $2.65 as crucial support for maintaining the next bull run trajectory.
DustyBC echoed caution regarding XRP’s recent price swings, noting lack of conviction in movement patterns. The analyst observed that XRP rallied briefly following FOMC meetings before declining again, leaving the token trapped in sideways action.
Technical analysis emphasizes the importance of holding above the 200-day EMA, as failure would indicate recent rallies were false breakouts rather than sustainable trend reversals.