TLDR
- XRP broke out of a multi-year symmetrical triangle formed since 2018.
- The asset now tests the former resistance zone as support during a retest phase.
- Analysts cite historical patterns that followed similar breakout and retest structures.
- XRP currently trades near $1.34 after a modest weekly gain.
- Chart projections indicate a possible move toward $21 if support remains intact.
XRP shows renewed market attention after breaking out of a long-term consolidation pattern. The asset now tests a key level that may define its next move. Analysts outline a possible price path if support holds.
XRP Breakout Structure Holds Market Focus
A technical analyst known as ChartNerd identified a multi-year symmetrical triangle breakout. He stated XRP “handed enthusiasts the breakout of the decade” after moving above resistance.
The triangle formed after XRP dropped from its January 2018 peak near $3.35. Price action then created lower highs and higher lows until November 2024.
🚨 $XRP SECRETLY HANDED US THE BREAKOUT OF THE DECADE 🚨
The multi-year symmetrical triangle was finally broken in Q4 2024, and after placing a new ATh in July 2025, we're now searching for a CRITICAL retest.
This is the exact setup as the smaller triangle in earlier cycles… https://t.co/cvpSERLUbP pic.twitter.com/WvkkCC276S
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) April 9, 2026
The breakout occurred during a strong rally period linked to broader market momentum. XRP later climbed to a peak of $3.66 in July 2025.
Since then, XRP entered a pullback phase and now trades near former resistance. This area now acts as a support zone during the retest phase.
XRP Retest Phase and Price Targets
The current structure shows XRP retesting the breakout zone from the triangle. This level previously capped price movement before the breakout event.
ChartNerd explained that a successful retest confirms the structure and supports further upside. He described the pattern as “compression, breakout, retest, and expansion.”
Historical data shows a similar structure between 2013 and 2017. During that cycle, XRP retested its breakout level before a rally toward $3.35.
At present, XRP price is near $1.34 after a 1.7% weekly increase. Analysts place the triangle neckline near $0.85 as a possible support zone.
Some projections suggest XRP may not fully revisit the neckline to confirm support. However, price stability near the current range may still validate the pattern.
If XRP holds support, analysts project a sustained upward movement. Chart models indicate a potential price target near $21.
This projection reflects an increase of about 1,467% from the current level. However, failure to maintain support may trigger a deeper correction.
Recent price action remains within the upper boundary of the former triangle. This positioning keeps the retest structure active for confirmation.
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