- XRP chart shows a multi-year triangle structure with potential targets near $27 and $48 by 2030.
- XRP trades near $1.39 as analysts debate whether breakout signals a true expansion phase.
- XRP market cap reaches $85.26B with $2.96B daily volume despite a 24-hour price drop.
XRP is drawing renewed attention among market observers after a long-term technical chart circulating on social media outlined a potential breakout scenario extending toward the end of the decade.
The chart, shared by analyst Ali Charts, highlights a multi-year triangular structure on XRP’s monthly timeframe, suggesting a major expansion phase if key resistance levels are breached. The projection arrives as XRP continues to trade near the mid-$1 range, with recent market data showing relatively stable activity despite short-term price fluctuations.
Long-Term Chart Highlights Multi-Year Consolidation
The chart shows a rising support line extending from earlier market lows into the late 2020s. According to the chart, XRP has been building a broad ascending structure since reaching a cycle bottom near $0.11, with the asset forming progressively higher lows over several years.
Within this structure, several intermediate levels are identified as support and resistance zones. These include $0.90, $1.38, and $1.60, which appear to mark areas where price has previously paused or reversed during consolidation phases.
A more prominent resistance level is shown around $3.32, a price area that aligns closely with XRP’s historical peak recorded during the 2017–2018 cryptocurrency market cycle.
Projected extensions show possible future price levels near $27.17 and $48.12 by 2030, assuming the ascending trend structure continues, and bullish momentum persists.
Analysts React as XRP Holds Near $1.39
Following the chart’s circulation, crypto analyst CryptoWave commented on the ongoing market discussion, noting that XRP continues to trade around $1.30–$1.40 after what some observers described as a breakout from the multi-year triangle earlier in the current market cycle.
The analyst pointed out that higher long-term targets are once again appearing in market conversations as sentiment shifts, raising questions about whether the market is entering a sustained expansion phase or whether current positioning reflects renewed narrative-driven speculation.
Market Data Shows Active Trading Despite Price Dip
At the time of writing, XRP was trading at $1.39, down 1.41% over the past 24 hours. In addition, the capitalization of about $85.26 billion and 24-hour trading volume of $2.96 billion, representing a 12.52% increase in volume over the same period.
Supply data indicates a circulating supply of approximately 61.22 billion XRP, out of a maximum supply of 100 billion tokens.
Related: XRP Nears Key Bottoming Zone as Analysts Eye $50 Target
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Source: https://coinedition.com/xrp-multi-year-triangle-signals-possible-48-target-as-price-holds-near-1-39/