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XRP’s 400-Day Pattern Signals Potential Breakout to $23
XRP's Potential Breakout
- XRP has been trading with lower highs since July 2025, suggesting price compression.
- Crypto analyst ChartNerd suggests this could be the precursor to a significant move.
400-Day Rectangular Reaccumulation
- XRP has been in a rectangular reaccumulation phase for around 400 days, forming a potential bull flag pattern.
- The structure includes a strong impulsive move from July 2024 to December 2024, peaking at $3.4.
- XRP has traded sideways, maintaining support around $1.8 and resistance around $3.6.
- The pattern remains intact as long as the support level holds, potentially activating an expansion phase.
Macro Breakout Projection
- If XRP breaks out of the rectangle, it could reach a target near $23.
- This projection is based on the height of the flagpole extended from the reaccumulation range top.
- The current price of XRP is around $1.92, indicating a possible gain of over 1,000% if the breakout occurs.
- This move could be one of XRP's most aggressive rallies in recent years.
Source: Unsplash, TradingView