“Could You Handle the Pressure” as XRP May Drop to This Multi-Year Support Before Run to $27

Historical data suggests XRP could drop to a pivotal multi-year support trendline before eventually soaring to $27.

The XRP price has followed a broader market downturn, having slumped 29% this year. However, historical data indicates that this downward trend may be part of a typical cycle structure that XRP has followed since inception. Interestingly, this pattern suggests another drop to a multi-year ascending support could play out before a sharp push to $27.

Key Points

• XRP has dropped 29% since the year started, currently changing hands at $1.3.
• However, historical data indicates that this downturn may actually be part of a broader cycle structure that XRP has followed since inception.
• Currently, XRP trades above a multi-year ascending trendline that has acted as support over the past six years. 
• XRP has experienced two curves that tested this support since 2018, and each support retest led to an eventual breakout.
• If the pattern persists, XRP could again witness another curve to retest the support before a breakout to $27.6.

XRP’s Struggles Fit into Broader Structure 

The pattern was spotlighted by market watcher Chart Nerd amid XRP’s current price struggles. Notably, after dropping from the $3.6 high in July 2025, XRP has continued to witness consistent declines, recording six monthly losses in seven months. From the $3.6 peak, XRP has now dropped nearly 64%.

However, Chart Nerd recently confirmed that the ongoing downturn fits into a broader market structure that has guided XRP’s price action since it began trading in the public market in 2013. 

Specifically, since 2013, XRP has witnessed sequences involving three phases of price movements: an initial peak, a curve to retest an existing multi-year ascending support, and then a breakout to greater heights.

XRP Currently Witnessing Its Curve

Data from the accompanying chart shows that, in the current cycle, XRP recorded the initial peak when it soared to $3.6 in July 2025. Notably, the downturn that has emerged since then currently represents the curve, as XRP battles the bears below key resistance areas.

However, the structure remains bullish due to XRP’s current position above the multi-year ascending support. Notably, this support began forming after XRP dropped to the $0.1140 bottom in March 2020, and has since acted as a strong buffer during price declines, leading to higher lows for XRP.

If the pattern holds, XRP could see steeper declines below the current price of $1.3, potentially reaching a low of around $0.8 to $0.9 to retest the multi-year ascending support. While this may lead to deeper losses in the short term, it could be a bullish move in the long term. “Could you handle the pressure?” Chart Nerd asked.

Potential Breakout to $27 Aligns with Historical Context

Notably, after a retest of the multi-year ascending support trendline, XRP has the potential to stage the third phase of this sequence: breakout. Chart Nerd believes this imminent breakout could push prices to $27.668. For perspective, this high represents a 2,023% increase from the current XRP price.

Interestingly, Chart Nerd’s conviction comes from historical data. Since 2018, XRP has witnessed this same sequence of three phases twice. The first one occurred from 2018 to 2021. In this sequence, it saw the initial peak at $3.31 in January 2018, then formed the curve and retested the support in March 2020, and recovered to $1.96 by April 2021 during the breakout.

For the second sequence, it witnessed the initial peak at $1.96 in April 2021, then dropped to $0.38 in July 2024 to retest the ascending support. From here, it soared to the high of $3.4 by January 2025 during the breakout. Chart Nerd expects a run to $27 this time. However, this remains highly speculative and may not play out as expected.