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.

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 strongest long-term support levels in XRP’s history.

XRP spent its early years in the lower section of that channel before a broad crypto rally in early 2017 pushed it into the middle range. It briefly entered the upper channel in January 2018 when prices surged above $3, but a sharp correction followed and pulled it back into the middle layer.

Ninedex says the token has stayed there for the past eight years, and its ability to hold that zone is what keeps it among the major assets in the market rather than slipping back to minor status.

The transition from a small altcoin to a top-tier asset happened precisely because XRP moved up a layer in the channel during that 2017 cycle, he argues.

Ninedex pointed to two technical signals that support his outlook. The weekly stochastic indicator has bounced from 15 points to 20 points — a level he says has historically marked one of XRP’s rare oversold conditions.

The MACD, meanwhile, has formed a golden cross on its EMA lines, with the oscillator moving back into positive territory, which he reads as a sign that market momentum is turning upward.

His primary target is $5, reachable if XRP climbs toward the upper boundary of the middle channel. But he also noted that XRP’s history of sharp rallies and its large community base could push prices well beyond typical expectations — and if it breaks into the upper channel again, $20 becomes the figure he has in mind.

Featured image from Unsplash, chart from TradingView