Will XRP Price Repeat History? Why a Decade-Old Pattern Signals a $22 Rally

Ripple’s XRP has been fighting to recover after a sudden drop earlier this month. The XRP price slid to $2.70 on September 1, following a mid-July high of $3.66. 

It has since bounced back and now trades around $3.00. Holding this level as solid support is key if the recent rebound is going to gain real strength.

Market technician Papa has shared a chart that zooms out on XRP price action all the way back to 2013. His analysis uses a logarithmic scale and highlights a huge rising channel with parallel boundaries, a median line, and a long-term trendline that has connected every major top for over a decade.

This trendline first came into play in 2014 when XRP topped near $0.03 to $0.04 and then dropped sharply. The same thing happened during the late 2017 and early 2018 run, when XRP briefly surged to $3.30 before falling back. In 2021, another rally to $1.96 ended with a rejection at this very same trendline.

After spending almost two years trading between $0.21 and $0.70, XRP price started to move again in late 2024. That rally, partly fueled by stronger crypto market sentiment after Donald 

Trump’s election win, helped XRP break through the $1, $2, and $3 levels before the latest pullback. 

Now, with the price sitting near $3 and above the channel’s median, the stage may be set for the next major move.

How a Move to $22 Could Happen

Papa believes XRP price could climb toward the top of the long-term channel, where the 12-year trendline intersects around the $22 area. 

If history repeats, XRP could make that move before facing another correction. It’s an ambitious target, but one that fits the pattern the chart has shown since 2013.

However, not everyone is looking that far ahead. XRPunkie points to an inverse head-and-shoulders pattern that could push XRP price to between $5 and $8 in the near term. 

Read Also: Is This Where Pendle Price Bottoms Out Before the Next Rally?

Ali Martinez notes a descending triangle that has shaped trading since the $3.66 peak and sees $3.60 as the next hurdle if current momentum continues. Christopher Inks views the dip to $2.70 as a spring that might fuel re-accumulation and a possible run to $4.42 if XRP can close above $3.38.

The Big Picture

The decade-old trendline and repeated historical reactions give the $22 target some technical weight, but the shorter-term levels around $3.60 and $4.40 are likely to be tested first. 

If XRP price can hold its current support and keep building strength, a bigger breakout in line with this long-running pattern could be closer than many expect.

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

CaptainAltcoin
Logo