XRP is approaching a major technical area after years of trading within a large, expanding structure. Crypto analyst Amonyx (@amonyx) drew attention to the setup in a chart tracking XRP acros
XRP is approaching a major technical area after years of trading within a large, expanding structure. Crypto analyst Amonyx (@amonyx) drew attention to the setup in a chart tracking XRP across multiple market cycles. His post carries a clear message, saying the chart is “screaming one thing: EXPLOSION INCOMING.”
The chart places XRP near $1.04, close to a key intersection of several long-term trendlines. That location gives the current price action added importance. XRP has spent years moving through a series of major advances, declines, consolidations and breakouts.
The weekly chart shows XRP within a long-term ascending channel. Within that pattern, an ascending red trendline connects several major XRP lows. It currently sits near the $1 area, placing the present price close to long-term support. XRP has bounced off this trendline multiple times and is now retesting it at a crucial price level.
The chart also shows a descending trendline, creating a narrowing technical structure. The asset has less room to move within the pattern as trendlines converge. A sustained move above the descending resistance could therefore mark an important change in the long-term setup.
This $XRP chart is screaming one thing:
EXPLOSION INCOMING.
Are you ready?
https://t.co/1lCYJasNTFpic.twitter.com/unuNBg8O0I
— Amonyx (@amonyx) August 9, 2026
Over the years, XRP has traded within consolidation triangles before breakouts. These patterns formed with the long-term rising support and shorter descending resistance lines. This pattern led to the 2021 breakout and a smaller rally in 2023.
The most substantial move came in late 2024. Following a breakout from one of these triangles, XRP rose by over 500%. This rally pushed XRP above $3 for the first time since 2018. After peaking at $3.65, the asset entered an extended downturn, falling under another descending trendline and creating another consolidation pattern. Amonyx’s chart suggests that this pattern will soon resolve.
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Amonyx’s chart also includes several large blue channels that extend far above XRP’s current price. These levels represent the scale of the long-term projections built into his analysis. The chart places potential future targets at substantially higher levels, including areas around $16, $90, $160, $500 and beyond.
The projection suggests the breakout could send XRP to $900. These triple-digit projections depend on XRP breaking through major resistance and maintaining its long-term structure. They do not represent guaranteed price targets. Still, they show why Amonyx views the current setup as significant.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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