- XRP charts show a breakout zone at $1.10, marking a strong support base.
- Target levels are set at $6.4 and $13 based on different measurement methods.
- Long-term holders continue accumulating as XRP trades within key trendlines.
XRP is approaching a key price level at $1.10, which analysts view as the ignition point for its next major cycle. Technical chart patterns suggest that a confirmed weekly close above $1.10 could trigger a sustained bullish trend. Traders have outlined this level as a key support base in the making.
Based on historical price movements and logarithmic projections, potential upside targets have been mapped at $6.4 and $13. These estimates reflect both non-logarithmic and logarithmic price measurements. Chart data from EGRAG CRYPTO indicates that XRP is following a long-term ascending trendline dating back to 2020.
Technical Patterns and Long-Term Support
The chart shows XRP forming a broad rounded base, commonly referred to by traders as an accumulation zone. This zone extends across several years, indicating patient buying during periods of low market confidence. A breakout above $1.10 is projected to serve as a launchpad, according to chart analysis.
The long-term structure also features consistently higher lows, indicating underlying strength in the price movement. The trendline forming beneath current price action has acted as a foundation for price consolidation and is seen by analysts as a “Cycle Launch Pad.” XRP has remained above this trendline for nearly five years.
Price Targets and Market Position
The targets of $6.4 and $13 are based on measured moves calculated using both traditional and logarithmic chart analysis. The chart further outlines potential future waves in a classic Elliott Wave structure, indicating bullish continuation patterns.
While XRP has faced pressure due to regulatory developments, long-term holders have maintained their positions. EGRAG CRYPTO stated, “$1.10 is our launchpad. Once we get a solid weekly close above it, we can say goodbye to the $1 mark for good.”
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
