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XRP’s price action can be interpreted as being in the early stages of a potentially strong rally within a long-running multi-year ascending channel that has shaped the cryptocurrency’s structure since the 2020 bear market lows. The channel runs from the 2020 low through the 2021 rally, the 2022–2023 accumulation area, and the latest market cycle that began in 2024.
On the weekly chart, XRP has repeatedly reacted around the lower and middle portions of the ascending channel before attempting to push toward the upper trendline. The current positioning is notable because the lower trendline of the channel is estimated at around $1.2 to $1.4.
According to the analysis, XRP recently tested and held the lower boundary of the channel and has since started to curl upward. The next projection is a move back toward the channel’s upper trendline.
The upper boundary of the channel is currently estimated at around $12, which aligns with the stated $8 to $12 price target zone. The article also cites Fibonacci levels as supporting evidence: a 1.618 extension from the channel’s low is around $12.15, suggesting the $12 target is consistent with both the upper Fibonacci extension and projected channel resistance.
The article points to the weekly Moving Average Convergence Divergence (MACD) as an additional technical factor. It describes a bullish setup in which the blue MACD line is about to cross over the orange line, referencing similar MACD crossovers that preceded XRP’s major upside moves.
One example given is mid-2025, when XRP reached a new all-time high of $3.65. The analysis further notes that the weekly MACD is starting to print green bars, and if that momentum is sustained, it would provide confirmation for the bounce from the lower trendline of the ascending channel.
To support the projected timeline mentioned in the article for 2027, XRP would need to clear several intermediate resistance levels before the end of the year. These include:
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