XRP Channel Pattern Points To $5, Says Korean Analyst
XRP could climb as high as $20 if a breakout pattern from 2018 repeats itself, according to pseudonymous Korean financial analyst Ninedex. That scenario, while not his main call, hinges on the token breaking out of the upper edge of a channel structure that has shaped its price movement for over a decade. Related Reading: History Shows Bitcoin ETF Outflows Favor Accumulation, Says Santiment The Long Road From $1.34 XRP is currently trading around $1.34, down nearly 13% from its May 14 high of $1.54. Despite the pullback, Ninedex argues the token is still holding a key support zone within what he describes as a multi-year ascending channel — one that has guided XRP since it began trading in 2013. Based on his analysis, that support sits just above the lower boundary of the channel’s middle layer and aligns with the Fibonacci 0.382 level, which corresponds to the $1.40 price area. The zone was built over an extended period between 2022 and 2024, which is why he considers it one of the st