XRP is once again drawing attention on higher timeframes, as an analyst highlighted a bullish structure described as a “pattern within a pattern.”
This comes at a time when XRP recently dipped below the $1.90 support level, with analysts continuing to map out a recovery path toward a new all-time high.
Key Points
- XRP forms a Triple Bottom, signaling a potential major breakout.
- Pattern stacks within a larger structure, boosting bullish conviction.
- Fibonacci targets suggest $9.28–$31.65 upside from $1.89.
- Analysts warn support breach could trigger a drop to $0.50.
XRP Forms Patterns Within a Pattern
Analyst EGRAG shared a promising outlook for XRP in his latest post on X. At the center of the analysis is a Triple Bottom formation, a classic reversal setup that marks the end of prolonged consolidation.
According to EGRAG, XRP is not just forming a single bullish pattern, but stacking multiple technical structures on top of each other.
The Triple Bottom Formation
Notably, the Triple Bottom pattern forms when price tests the same support zone three separate times without breaking lower. On XRP’s chart, each dip was met with strong buying interest, as sellers are losing control while long-term holders continue defending key levels.
This repeated defense of support indicates exhaustion of downside pressure, confidence among buyers, and lays the foundation for a sustained upside breakout.
Indeed, as EGRAG’s chart illustrates, the triple bottom pattern has played out repeatedly over several years in XRP’s history, each time leading to massive breakouts. Based on the formation over the past year, he now expects a breakout to a new all-time high.
“Patterns Within a Pattern”
What makes the present setup stand out is its position within a larger market structure. The Triple Bottom is forming inside a broader consolidation and breakout framework, supported by long-term moving averages and rising price channels.
In technical analysis, this kind of “pattern stacking” strengthens conviction. Rather than relying on a single indicator, multiple signals align. This layered setup is why EGRAG focuses on market structure rather than short-term price swings.
How High Will the Price Go?
EGRAG’s chart projects upside targets using Fibonacci extensions tied to the Triple Bottom breakout. The pattern suggests a move toward higher Fibonacci levels at the 1.272 and 1.618 extensions.
These levels correspond to XRP prices of $9.28 and $31.65, implying around a 5X to 17X surge from XRP’s current price of $1.89. While no specific timeline is attached, the chart suggests a potential window between 2026 and 2027.
The bullish case for XRP remains intact as long as it holds above former resistance, now acting as support. Maintaining this zone confirms the Triple Bottom, while a drop below it would require reevaluation.
Essentially, EGRAG’s analysis emphasizes that XRP’s chart isn’t showing exhaustion; it’s showing preparation.
Opposing View
Interestingly, while EGRAG is calling for new XRP peaks, some analysts argue that the price could crash below $1. For instance, analyst The Great Martis warns that XRP may fall further, as the market is still in a correction rather than at a bottom.
If the current support breaks, he said XRP could drop toward $0.50, which is a 73% decline from today’s price. The analyst stresses this wouldn’t be a sudden crash but a gradual, technical move within the market cycle.
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.
