After being rejected from the $1.55 barrier on Thursday, XRP fell almost 8%, continuing the consolidation below this crucial resistance. Amid this performance, one market watcher highlighted a multi-year pattern that could push the price to new highs.
Related reading
XRP multi-year pattern is taking shape
Market observer ChartNerd said this on Friday shared a long-term perspective on the XRP price, based on a multi-year formation with “significant macro-future upside potential ahead.”
In an X-post, the analyst highlighted a Cup and Handle pattern, which has been forming since 2018. The chart below shows that the pattern completed the cup during the mid-2025 rally and has been the handle since the altcoin reached its last all-time high (ATH).
Based on this, he suggested that
Notably, the cryptocurrency has undergone three similar retests in the cup, and also marked the cycle low in 2017. Now the $0.70-$0.90 area could also mark the bottom of the handle, where the 0.50 FIB level awaits in the same area as support.
The market watcher has previously explained that a rejection from the $1.60-$1.80 area is likely and that XPP may be sent to a cycle bottom of $0.70 later this year as this marks an earlier level of macro resistance that has not yet been retested.
Nevertheless, he confirmed that regardless of where the macro low is reached, “future FIB extensions await above the $8 target,” with two potential double-digit targets around $13 and $27.
2,000% expansion on the horizon?
ChartNerd too noted that the potential handle bottom of the Cup and Handle formation corresponds to a major multi-year retest in a fractal. For context, XRP appears to be repeating a setup that led to a massive 68,000% expansion during the 2017-2018 rally.
Prior to the 2027 breakout, the cryptocurrency retested its multi-year ascending support three times, making significant progress followed by strong corrections within descending channels.
Since 2020, the altcoin has been developing the same setup from before the breakout, when XRP hit its bear market bottom and created a rising support level that held for about six years.
Related reading
After two retests of the crucial support, the cryptocurrency appears to be developing the same descending channel, which could lead to a third retest of the rising trendline, and an eventual multi-month 2,000% rally towards a new double-digit high.
“If XRP honors this pattern through late 2026, we could potentially create the third retest here, which is what we saw in the early cycles before the 2017 expansion,” the analyst previously said.
At the time of writing, XRP is trading at $1.43, down 6% from the daily time frame.
Featured image from Unsplash.com, chart from TradingView.com