A long-term XRP price chart shared by crypto analyst MikybullCrypto on X has sparked discussion within the XRP community about the asset’s market structure and future price outlook.
In the post, the analyst stated that XRP is “currently resting on a 9-year trendline support,” while describing the current price area as “a great accumulation opportunity.” He also predicted that the next bullish phase for XRP could push the asset to at least $6.
The chart attached to the X post showed XRP on the three-month timeframe against the U.S. dollar on Bitstamp. The visual highlighted a rising trendline extending from earlier market cycles and connecting major support levels dating back nearly a decade. According to the chart, XRP continues to trade above that long-term ascending support despite recent market weakness.
At the time of the chart capture, XRP traded around $1.38. The chart also displayed previous breakout periods where XRP moved sharply upward after consolidating near support zones. MikybullCrypto suggests that the current structure resembles earlier phases that preceded strong rallies in past cycles.
$XRP is currently resting on a 9-year trendline support
This zone serves as a great accumulation opportunity
The next bull run target should bring it to $6 at least. pic.twitter.com/U3asdHaXro
— MikybullCrypto (@MikybullCrypto) May 8, 2026
Chart Focuses on Multi-Year Technical Structure
The analyst’s chart emphasized XRP’s ability to maintain higher lows across multiple years. A descending resistance line from previous highs also appeared on the chart, with XRP recently breaking above that structure before pulling back slightly. The setup presented suggests that the market may be retesting a breakout zone while remaining above long-term support.
The post did not provide a timeline for the projected move toward $6. However, the analyst framed the present market condition as an accumulation phase ahead of another bullish expansion. The RSI indicator shown beneath the price chart also remained above the midpoint level, suggesting that momentum has not fully weakened despite recent consolidation.
The comments beneath the X post reflected mixed reactions from market participants. An X user known as documenting XRP responded positively to the chart setup, writing, “That’s a solid place to be when you are stacked!” The comment aligned with the analyst’s view that the current price range could offer favorable positioning for long-term holders.
Another user identified as INSIDER took a more cautious approach. The commenter acknowledged the significance of the trendline but warned against assuming historical support guarantees future performance. The user wrote, “9 years of support is serious. But past support doesn’t guarantee future bounces.”
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Community Reactions Reflect Different Market Expectations
Additional reactions focused on XRP’s current consolidation phase and ongoing development activity surrounding the ecosystem. X user Junia commented that XRP prices have been moving sideways while infrastructure development continues to grow. According to the post, this combination creates the impression that XRP “could explode at any moment.”
The discussion around the chart comes as XRP continues to trade below its previous all-time high despite remaining one of the largest digital assets by market capitalization. Analysts across the crypto market continue to monitor whether long-term support levels and expanding utility can translate into renewed upward momentum during the next major market cycle.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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