Prefer us on Google
Long-term fractal analysis comparing the periods 2017-2018 and 2024-2026 shows that the high decline of XRP from 3.65 USD mirrors the previous one, which led to a strong price decline and a quick reversal.
XRP’s weekly structure presents a familiar setup: the drop to $1.10 marks a test of the downward trend of the symmetrical triangle of 2017, when the asset dipped to $0.12 before starting higher.
Commenting on the structure, crypto analyst Young stated that the current cycle may be similar to the previous ones. “There’s a chance we’ll see this overall flow play out in a similar fashion,” he said, adding that the current decline could only be a temporary correction before XRP is likely to break above the $20 level.
In 2017, XRP traded in a symmetrical triangle as market leverage cooled. The consolidation eventually ended with a break above the uptrend of the pattern, leading to a massive 1.577% rally.
If a similar formation occurs, the bulls should lift XRP above the $1.78-$2.30 resistance zone to confirm a decisive breakout and signal the start of the next major rally.
 
This area also shows a major technical breakout where the upper boundary of the triangle near $2 meets both the 100-week simple moving average (SMA) and the 50-day SMA, reinforcing this area as a critical resistance level.
Chain methods further emphasize this obstacle. The UTXO Realized Price Distribution (URPD) XRP shows significant clusters of supply above the current spot price, with about 3.6% of circulating supply centered around $2 and another 3.15% centered near $1.80. Together, these levels form a dense band of upper resistance that bulls must clear to sustain further upside.
Chain metrics and institutional focus remain robust
Data from CryptoQuant shows that XRP’s daily multi-currency transaction delta, which tracks the net number of XRP transactions on 15 major crypto exchanges, has fallen to historic lows.
In a QuickTake analysis, CryptoQuant analyst Amr Taha explained that a drop in the metric usually indicates that investors are moving XRP from exchanges to external wallets.
“This behavior often reflects long-term accumulation and confidence,” Taha said.
XRP-linked spot exchange funds have amassed nearly $1.4 billion in assets since their launch, indicating that long-term capital continues to flow into the market even as short-term trading activity cools.
The outflow of XRP funds has slowed down, especially after Goldman Sachs emerged as the largest owner, a development seen as a sign of growing institutional confidence in the token’s long-term prospects.
Meanwhile, Ripple has bolstered confidence through a $750 million share buyback program, valuing the company at $50 billion.
Prefer us on Google
