XRP, 7-Year Symmetrical Triangle Support Confirmed...Will It Break Through the $3 Barrier?

▲ XRP

XRP has finally successfully retested the 7-year-old symmetrical triangle pattern it broke out of in November 2024. It is evaluated that by perfectly confirming the support of the long-term trend line, it has laid the groundwork for further upward movement above the $1.60 level.

According to The Crypto Basic, a virtual asset media outlet, on September 25 (local time), XRP's 7-year symmetrical triangle pattern formed over several years after a sharp decline from its peak of $3.31 recorded in January 2018. Even when it rebounded to $1.96 in April 2021, it failed to break through due to resistance from the upper trendline. Since then, having shed the burden of legal disputes with the U.S. Securities and Exchange Commission (SEC), XRP broke through $1 in November 2024, piercing the top of the symmetrical triangle for the first time in 7 years.

Immediately after the breakout, XRP surged to $3.4 in January 2025, and after confirming the $1.60 support level, it recorded an all-time high of $3.6 in July of the same year. However, amidst a bear market that began in August 2025 and overall market selling pressure, it experienced a decline for 7 out of 8 months until June 2026. During this process, it fell to $0.98 last August, going through a phase of retesting the upper trendline of the symmetrical triangle.

After proving its support at $0.98, XRP rebounded sharply, rising over 63% from its low. Technical indicators also support further upside potential. The monthly Relative Strength Index (RSI) is 50.97, showing a solid upward trend without entering the overbought zone. The Average Directional Index (ADX), which measures trend strength, also recorded 26.72, and the Plus Directional Indicator (+DI) at 22.9 surpassed the Minus Indicator (-DI, 19.3), supporting a bullish trend.

With the breakout and confirmation of the 7-year large symmetrical triangle support line completed, downward pressure has been significantly alleviated. Market attention is now focused on whether XRP, having secured a solid technical foundation, can break through major resistance levels around $2 and $3 in succession and move towards new highs.

[Article Key Summary]

-XRP has completed the support confirmation of the upper trendline of the 7-year symmetrical triangle pattern it broke out of in November 2024.

-After falling to $0.98 last August and solidifying its support, it rebounded over 63% and settled above the $1.60 level.

-Indicators such as the monthly Relative Strength Index (RSI) at 50.97 show a stable trend, suggesting the possibility of breaking through the $2 and $3 resistance levels.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*