XRP Technical Analysis Signals Potential Breakout - What NZD Investors Should Know

Crypto analyst Amonyx has presented a compelling technical analysis on XRP, highlighting a formation that spans from 2018 to 2024. The pattern suggests XRP may experience significant price expansion once certain technical levels are breached. While the asset has faced recent headwinds, trading near $1.38 after a correction from earlier highs, the underlying technical structure remains noteworthy for long-term observers.

Multi-Year Consolidation Pattern Emerges on XRP Monthly Charts

The analysis identifies a long consolidation formation on XRP’s monthly timeframe—essentially years of price compression within a defined range. This pattern structure compares favorably to the formation that preceded XRP’s 2017 surge, which produced a rapid expansion phase. The current pattern, being larger and longer than the earlier one, signals even stronger compression potential according to technical methodology.

The asset broke above the $1.04 support level in late 2024 and maintained that position despite recent weakness. The structure shows repeated rejection at defined resistance points through upper wicks, while lower wicks demonstrate consistent support holding, indicating balanced buyer-seller dynamics within the consolidation zone.

XRP’s consolidation phase has created what technicians call a “measured move” scenario—a setup where historical price action can project future targets. The current price position near the lower-middle range of this multi-year pattern leaves room for substantial movement in either direction.

Historical Precedent and Measured Move Projections

Amonyx utilized the 2017-era pennant formation as a benchmark. That earlier consolidation produced a gain of approximately 5,250% during its expansion phase. Applying similar measurement methodology to the present pattern—which spans a much larger price range—yields significantly higher targets.

The chart analysis indicates potential price objectives in the double-digit range and beyond. While some projections exceed $20, measured move calculations suggest a target zone potentially reaching $64.38 by the time the pattern fully expands. Such levels would represent substantial gains from current prices.

It’s important to note that technical projections assume continuation of the pattern without external disruptions. Market conditions, regulatory developments, and broader cryptocurrency sentiment can all influence actual price outcomes compared to theoretical models.

Current Price Action and Investment Implications

As of February 2026, XRP trades near $1.38, reflecting a pullback from the analysis period’s reference points. Rather than invalidating the technical setup, such retracements are common during extended consolidation patterns. The key technical indicators—support holds, resistance defined, compression intact—remain structurally sound.

For investors considering XRP exposure across different currency pairs including NZD valuations, the technical framework suggests monitoring key price levels. A sustained break above the upper boundary would signal potential acceleration toward the projected targets. Conversely, loss of the $1.04 support level would suggest the pattern requires additional time to complete.

The multi-year formation timeline emphasizes that such projections represent medium-to-long-term scenarios rather than near-term catalysts. The technical analysis provides a framework for understanding XRP’s potential, though cryptocurrency markets remain volatile and subject to rapid shifts in sentiment and adoption metrics.