 ▲ XRP / ChatGPT-generated image |
XRP is facing a powerful long-term resistance line that has persisted for eight years and is awaiting a decisive touch-and-go signal for a full-fledged price recovery.
According to crypto media outlet The Crypto Basic on Feb. 13 (local time), XRP has reached a highly significant inflection point from a technical analysis perspective and is battling to break above a descending trendline resistance formed eight years ago. Analysts say that in order for XRP to halt its recent downtrend and secure strong rebound momentum, it must confirm support at this long-term resistance line and immediately push higher in a touch-and-go pattern. Whether this signal materializes is expected to be a key variable determining the long-term price trajectory for years to come.
Chart analysis shows that XRP remains at the tail end of a massive descending triangle pattern that has persisted since its 2018 peak. Technical analyst EGRAG CRYPTO explained that if XRP touches the long-term resistance at current levels and rebounds sharply in a touch-and-go move, it would be a powerful signal that selling pressure has been fully absorbed and buyers have taken control of the market. Notably, on higher time frames, this resistance line has acted as the strongest constraint suppressing XRP’s price advances.
The key price zone XRP must defend is the mid-$1.30 range. If it successfully holds this level and breaks through the resistance, a technically driven long-term rally toward the previous all-time high of $3.84 could open up. Auxiliary indicators such as the Moving Average Convergence Divergence (MACD) are also gradually turning upward from oversold territory, suggesting the possibility of a trend reversal. However, to overcome the heavy supply accumulated over eight years, overwhelming trading volume will be essential.
Market participants are closely watching the charts amid concerns that if XRP fails in this attempt to break resistance, it could once again be pushed down to the lower boundary of its long-term range. This breakout attempt carries different weight than in the past, as it comes after legal clarity between Ripple and the U.S. Securities and Exchange Commission (SEC) has been established. Experts emphasize that rather than reacting to short-term volatility, it is crucial to confirm whether weekly and monthly closes are formed above the resistance line.
The XRP market is now confronting the historic challenge of breaking a long-term trendline—often considered the essence of technical analysis. If the touch-and-go signal materializes, it could serve as a catalyst reshaping capital flows across the broader digital asset market. Whether eight years of waiting will bear fruit depends on how price reacts near this resistance level.
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