XRP continues trading within a critical multi-year channel identified by Sistine Research, months after the firm projected a potential rally to $50 based on historical pattern analysis.
The research house first published its long-term assessment in April, using weekly charts to compare current XRP price structure with patterns observed during the 2017 bull market.
Sistine Research’s analysis traces XRP’s movement from a symmetrical triangle formation that lasted 1,169 days between 2014 and 2017, following the cryptocurrency’s decline from a $0.06144 high in December 2013. This extended consolidation period preceded XRP’s breakout and subsequent advance to multi-dollar levels.
The research firm identified a parallel channel that began forming in April 2021, with the upper resistance trendline connecting to the $3.31 peak reached in January 2018. The lower support trendline originates from the $1.96 level achieved in April 2021, creating defined boundaries for XRP’s current price action.
XRP’s movement within this channel has followed the projected pattern, with support holding around $2 and resistance appearing near $3.40. The token tested the lower trendline in June at $1.96 before recovering, then challenged the upper boundary in July reaching $3.66 before facing rejection.
Sistine Research established conservative price targets between $33 and $50 based on triangle measurements, with extended projections of $77-$100 if the formation develops into a cup-and-handle pattern. The firm’s timeline analysis suggests these targets could materialize within 675 days of the breakout zone, pointing to 2026 or early 2027.
Current price action shows XRP consolidating above $3 following the July rejection at channel resistance. Rather than retesting lower support levels, the cryptocurrency maintains position in the upper portion of the channel range, potentially preparing for another attempt at breaking above the resistance line.
Additional technical analysis supports continued upside potential. Dark Defender identified initial weekly resistance breaks with near-term targets at $4.39 and $5.85 based on Fibonacci levels. The analyst noted support levels at $3.01 and $2.85, aligning closely with Sistine Research’s channel support projections.
Baron Dominus highlighted a cup-and-handle formation on daily timeframes, with the cup developing from January’s peak through April’s $1.61 low and recovery to July’s $3.66 high.
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