As the uptrend case for XRP strengthens, analyst Blake Stonks has shared what he believes is the key factor supporting XRP’s bullish structure for long-term holders.
In a tweet, Stonks shared a chart showing that XRP continues to demonstrate strength. Notably, the coin maintains a long-term ascending trendline that has guided its steady rise since the last quarter of 2024.
XRP Maintains a Strong Long-Term Uptrend
According to the widely followed market analyst, this trendline defines the key structure supporting XRP’s bullish outlook. Stonks explained that the asset now has an “established long-term uptrend,” and the main risk for holders is a failure to sustain that trend.
In simpler terms, as long as XRP’s price remains above this rising line, currently near the $2.80–$3.00 range, its upward momentum remains intact.
Notably, the trendline highlighted by Stonks connects a series of higher lows dating back to late 2024. Each time XRP has dipped toward this line, buyers have stepped in, confirming it as dynamic support.
However, the analyst cautions that if XRP closes decisively below this level, it could change the market sentiment. Specifically, such a breakdown might invite more selling pressure and mark the end of the current bullish phase that has been developing for nearly a year.
Another Long-Term Line Suggesting a Move to $10
While Stonks has remained silent on XRP’s immediate short-term target, other analysts, like EGRAG, have been more explicit in their projections based on similar technical structures.
In one of his analyses, EGRAG highlights a long-term resistance line that XRP has repeatedly failed to break — notably in 2018 and 2021.
Like in Stonks’s chart, this resistance line trends upward over time, with XRP gradually following. EGRAG refers to this level as “The Chasm,” projecting a $10+ target the next time XRP retests the line.
Breakout Above $3.65 Holds the Key
While these analyses focus on XRP’s longer-term outlook, another top analyst, CryptoWZRD, has weighed in on XRP’s short-term prospects.
He noted that XRP has been consolidating just below its 2018 all-time high for over 300 days. He described the current setup as the calm before a major expansion.
CryptoWZRD believes that a break above $3.65 could propel XRP toward $4.50 in the next leg of its rally. He also pointed out that multiple resistance zones have flipped into support, further strengthening the bullish case.
Together, the analyses from Stonks, EGRAG, and CryptoWZRD all suggest that XRP is in a strong uptrend. As long as it stays above its rising trendline and breaks past $3.65, the altcoin could begin a new rally toward $4.50, opening the door to even higher levels never seen before.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
