XRP News Today: XRP's Symmetrical Triangle Breakout Signals 9,000% Upside

While the broader crypto market remains volatile, some analysts are closely tracking long-term technical structures that have quietly unfolded over the years. A prominent member of this group is EGRAG CRYPTO, who has posted a detailed chart analysis focusing on XRP’s large-scale formation, one he believes has recently confirmed a significant breakout.

EGRAG CRYPTO’s chart depicts a completed symmetrical triangle pattern on XRP’s monthly chart. This structure, spanning from 2017 to 2025, now appears to have resolved with a clear breakout to the upside. The symmetrical triangle is a classic consolidation setup, typically signaling a continuation of the prior trend once price breaches its bounds. In this case, the previous trend was bullish, and the breakout continues in that direction.

The analyst included a simplified diagram of symmetrical triangles to clarify the implications of both upward and downward breakouts. He labels the pattern as a macro formation, highlighting the multi-year timespan involved. According to the post, this breakout suggests a large upside move is in play. However, he cautions that a potential macro retest is still on the table.

The key figure from his chart is the measured move target, an extrapolated price based on the height of the triangle’s formation. That target points toward a projected price of approximately $120, reinforcing recent triple-digit targets and representing an increase of over 9,000% from the breakout point. The chart further outlines Fibonacci extension levels, including 1.272 ($9.13), 1.414 ($15.05), and 1.618 ($30.71), indicating staged potential resistance or consolidation points along the way.

The earlier move from XRP’s 2017 low to its 2018 high is used as the basis for the projected breakout move. EGRAG CRYPTO notes that the target is “Bellissimo,” a term he defines as “very beautiful,” suggesting optimism about what could come next. The chart shows that the breakout occurred with a strong upward move, followed by a pullback toward the triangle’s upper trendline, aligning with the textbook retest phase. If this retest confirms support, it could act as a launchpad for the next leg higher.

XRP traded around $2.23 at the time of his analysis, putting it just above the triangle’s upper boundary and the $2.2 support level the analyst recently highlighted. The price has yet to make a decisive second move upward, but the technical structure remains intact, and the rally could begin at any time. The analyst's forecast is that XRP is set for a 5,300% rally after spotting this bullish signal.