XRP has returned to the spotlight after crypto commentator Amonyx (@amonyx) shared a bullish outlook alongside a long-term price chart that highlights the token’s recent breakout. He delivere
XRP has returned to the spotlight after crypto commentator Amonyx (@amonyx) shared a bullish outlook alongside a long-term price chart that highlights the token’s recent breakout.
He delivered a clear view of where he believes XRP is heading next, stating that “XRP will melt many faces!” He drew attention to the end of a 9-year pattern on the chart, and suggested that a massive breakout is coming soon.
The End of a Prolonged Consolidation
The 3-day XRP chart focuses on a trading range across several years. The analyst highlighted the extended consolidation in a yellow zone. While others have pointed out smaller-scale consolidation periods for the asset recently, Amonyx drew attention to a range that has held since 2017.
The chart also highlights a support zone that has held throughout that period. The analysis suggests a brief move below that level before buyers can regain control. This read matches a recent analysis that XRP needs one final low before a breakout.
A second shaded zone appears above the original range, separating the breakout from the earlier consolidation. The layout suggests a rapid rise for XRP once it breaks out of the current range.
The Breakout Remains the Focus
The chart places the breakout at the centre of Amonyx’s analysis. XRP spent years trading within clearly defined boundaries and is now building momentum to move above long-term resistance. Many community members share Amonyx’s outlook, and they expressed support for XRP while anticipating a major breakout.
The strong advance projected to follow supports the view that buyers will remain in control after the breakout. While the chart does not show an explicit target, it suggests that the digital asset will trade far above current levels, potentially reaching double- or triple-digit prices.
Traders Watch for the Next Move
Amonyx’s comments leave little room for doubt about his outlook. The chart has shifted attention to whether XRP can continue building on its breakout. Traders will likely watch for the token to hold above the former trading range while maintaining higher highs and higher lows on the 3-day timeframe.
Continued strength would reinforce the bullish structure highlighted in Amonyx’s chart. For supporters of XRP, the combination of a long-term breakout and Amonyx’s confident outlook keeps the focus on whether the latest rally develops into the next leg higher.
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