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Historical data suggests $XRP could drop to a pivotal multi-year support trendline before eventually soaring to $27.
The $XRP price has followed a broader market downturn, having slumped 29% this year. However, historical data indicates that this downward trend may be part of a typical cycle structure that $XRP has followed since inception. Interestingly, this pattern suggests another drop to a multi-year ascending support could play out before a sharp push to $27.
Key Points
- $XRP has dropped 29% since the year started, currently changing hands at $1.3.
- However, historical data indicates that this downturn may actually be part of a broader cycle structure that $XRP has followed since inception.
- Currently, $XRP trades above a multi-year ascending trendline that has acted as support over the past six years.
- $XRP has experienced two curves that tested this support since 2018, and each support retest led to an eventual breakout.
- If the pattern persists, $XRP could again witness another curve to retest the support before a breakout to $27.6.
$XRP’s Struggles Fit into Broader Structure
The pattern was spotlighted by market watcher Chart Nerd amid $XRP’s current price struggles. Notably, after dropping from the $3.6 high in July 2025, $XRP has continued to witness consistent declines, recording six monthly losses in seven months. From the $3.6 peak, $XRP has now dropped nearly 64%.
However, Chart Nerd recently confirmed that the ongoing downturn fits into a broader market structure that has guided $XRP’s price action since it began trading in the public market in 2013.
Specifically, since 2013, $XRP has witnessed sequences involving three phases of price movements: an initial peak, a curve to retest an existing multi-year ascending support, and then a breakout to greater heights.
$XRP Currently Witnessing Its Curve
Data from the accompanying chart shows that, in the current cycle, $XRP recorded the initial peak when it soared to $3.6 in July 2025. Notably, the downturn that has emerged since then currently represents the curve, as $XRP battles the bears below key resistance areas.
However, the structure remains bullish due to $XRP’s current position above the multi-year ascending support. Notably, this support began forming after $XRP dropped to the $0.1140 bottom in March 2020, and has since acted as a strong buffer during price declines, leading to higher lows for $XRP.
If the pattern holds, $XRP could see steeper declines below the current price of $1.3, potentially reaching a low of around $0.8 to $0.9 to retest the multi-year ascending support. While this may lead to deeper losses in the short term, it could be a bullish move in the long term. “Could you handle the pressure?” Chart Nerd asked.
Potential Breakout to $27 Aligns with Historical Context
Notably, after a retest of the multi-year ascending support trendline, $XRP has the potential to stage the third phase of this sequence: breakout. Chart Nerd believes this imminent breakout could push prices to $27.668. For perspective, this high represents a 2,023% increase from the current $XRP price.
Interestingly, Chart Nerd’s conviction comes from historical data. Since 2018, $XRP has witnessed this same sequence of three phases twice. The first one occurred from 2018 to 2021. In this sequence, it saw the initial peak at $3.31 in January 2018, then formed the curve and retested the support in March 2020, and recovered to $1.96 by April 2021 during the breakout.
For the second sequence, it witnessed the initial peak at $1.96 in April 2021, then dropped to $0.38 in July 2024 to retest the ascending support. From here, it soared to the high of $3.4 by January 2025 during the breakout. Chart Nerd expects a run to $27 this time. However, this remains highly speculative and may not play out as expected.
