Ripple’s XRP has entered one of its most exciting phases in years. Trading near $2.51, the asset recently confirmed a breakout from a seven-year symmetrical triangle pattern — a structure that kept it locked in a tight range since 2018. With analysts now comparing the move to the early stages of the 2017 bull cycle, optimism around XRP’s next big target, including potential moves toward $5 and beyond, is gaining momentum.
The breakout comes as speculation intensifies over a possible spot XRP exchange-traded fund (ETF) in the United States. Combined with renewed on-chain accumulation and strong technical support, market sentiment appears to be shifting in favor of further upside — though short-term volatility remains on the radar.
A Historic Technical Breakout
For nearly a decade, XRP traded inside a symmetrical triangle, with lower highs and higher lows compressing its price into an increasingly narrow band. This long consolidation finally ended when XRP broke above the triangle’s upper trendline, marking the first decisive technical breakout since 2017.
This move propelled the token above multiple resistance levels, including the candle close highs from the 2021 bull market. Since then, XRP has consolidated between $2.00 and $3.00 — a range analysts now identify as a new accumulation zone.
Market analyst ChartNerd noted that the breakout is structurally similar to the 2017 pattern that preceded XRP’s explosive rally to over $3.80. “The macro setup remains intact. Former resistance has turned into a support base,” ChartNerd said. “As long as XRP holds this structure, the long-term bullish case stays valid.”
Accumulation and Support Zones Strengthen the Case
According to on-chain data, investor activity around XRP has increased significantly since the breakout. Large wallets holding between 1 million and 10 million XRP have added to their balances over the past three weeks, suggesting quiet accumulation while the market consolidates.
Technical analysts believe the $2.00–$2.30 zone now acts as a strong foundation. ChartNerd highlights that this area has remained stable for almost a year, serving as both a demand zone and a psychological floor for long-term investors.
On the upside, XRP faces its next major resistance near $2.75. A clean breakout above that level could trigger a rapid move toward $3.50, and later $5, as momentum accelerates.
“The market is behaving almost identically to previous cycle setups,” one trader posted on X. “As long as XRP stays above $2.20, we’re looking at continuation, not correction.”
Fibonacci Models Point to $8, $13, and $27 Targets
Price models built on Fibonacci extensions suggest that XRP could eventually revisit levels as high as $8, $13, and even $27 in the next cycle. These projections are based on historical breakout ranges and the height of the previous triangle pattern.
While those targets may sound ambitious, analysts say they’re not unrealistic. The key lies in maintaining the breakout’s structural integrity and avoiding a weekly close below the $2.00 threshold.
Crypto analyst CRYPTOWZRD recently emphasized that “holding above $2.55 is bullish territory.” He added that the coming monthly close could shape the next trend. If XRP ends November above $2.75, it may confirm the beginning of a new medium-term rally phase.
Short-Term Volatility Still a Concern
Despite the bullish long-term setup, the short-term outlook remains cautious. XRP’s daily chart recently flashed a sell signal from the TD Sequential indicator, suggesting potential cooling before another leg up.
In addition, large holders have started trimming their positions following the recent surge, likely taking profits after XRP doubled from earlier 2025 lows. “This isn’t necessarily bearish,” said a trader on Telegram. “It’s a standard reset before a possible second wave.”
Support at $2.27 remains crucial in this context. A breakdown below this level could open the door to a deeper pullback toward $1.90. However, as long as XRP stays within its consolidation range, analysts see any dips as opportunities for accumulation rather than signs of weakness.
ETF Momentum Adds Fuel to the Fire
Beyond technicals, the narrative around a potential spot XRP ETF continues to excite investors. Canary Capital recently filed updates with the U.S. Securities and Exchange Commission, removing a key delay clause that could pave the way for approval as early as November 13.
If approved, an XRP ETF would mark another milestone for the crypto market — following the success of Bitcoin and Ethereum ETFs earlier this year. It could also bring new liquidity and institutional exposure to XRP, reinforcing its market position as the third most-watched digital asset.
“The ETF story is the wild card,” noted analyst Vincent Zhang. “If regulators greenlight it this month, it could trigger a major shift in investor sentiment.”
Long-Term Outlook: Poised for a New Cycle
The broader crypto landscape supports the idea that XRP could be entering a new growth phase. With Bitcoin stabilizing near $110,000 and altcoin capital rotation picking up, liquidity is beginning to flow into high-potential assets like XRP.
As the 3-month exponential moving average trends upward and the ascending long-term trendline remains intact, XRP’s chart is flashing early signs of sustained strength.
While short-term corrections are always possible, analysts agree the macro picture favors higher targets. The combination of ETF speculation, strong accumulation, and a clean breakout from a multi-year pattern positions XRP as one of the top assets to watch heading into 2026.
For traders, the key question is simple: can XRP hold the $2.50 region long enough to confirm the next breakout? If it does, the next phase could take the token well beyond $5 — marking the beginning of a historic new cycle for Ripple’s native asset.
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