XRP has plunged nearly 70% from its July 2025 peak of approximately $3.66, trading around $1.12 in early July 2026. Such a steep correction has tested the resolve of even the most patient investors. However, technical analysts are increasingly focused on a recurring chart pattern that could signal a significant turning point.
At the center of this analysis is a long-term ascending trend line that XRP has respected since 2020. This support has already withstood three major tests:
- April 2020: XRP found support near $0.16 before surging to nearly $2 by April 2021.
- Mid-2022: Another bounce occurred, leading to a rally toward $0.94.
- Late 2024: The third touch set the stage for XRP’s all-time high in 2025.
Now, XRP appears to be heading toward a potential fourth test of this trend line, projected to lie between $0.74 and $0.80. This zone carries historical weight: during a similar fourth retest of an earlier version of this structure in February 2017—after three prior defenses dating back to 2013—XRP bottomed near $0.005 before skyrocketing to $3.31 by January 2018, marking a gain of nearly 63,000%.
While no serious analyst expects a repeat of that exact magnitude—given XRP’s current market cap, maturity, and diminishing percentage gains with each cycle—even a fraction of past performance could translate into substantial upside from today’s levels.
The critical question now is whether XRP can hold the $0.74–$0.80 range if it reaches it. A successful bounce would reinforce the validity of the long-term bullish structure. Conversely, a decisive break below this zone without a quick recovery would significantly undermine the historical comparison.
Markets rarely replay patterns identically, and such setups fail more often than headlines imply. Nevertheless, this well-defined support offers traders a concrete reference point—shifting focus from short-term volatility to strategic positioning over the coming months.