XRP has been under pressure for over a year. A long, grinding downtrend channel kept price suppressed across multiple timeframes. Now, Bitcoin Boy (@btcbox123), a crypto analyst on X, believes that chapter is closing.
He shared his outlook on XRP, posting the daily chart from Binance alongside a straightforward assessment. “You don’t need to worry about XRP,” he wrote. “It broke out of that long downtrend channel. It’ll still take some time, but it’s okay.”
The Descending Channel Breaks
The chart tells a clear story. After hitting its all-time high of $3.65 in July 2025, XRP entered a consolidation phase. From mid-2025 through late 2026, it traded inside a well-defined descending channel. The lower boundary approached $0.9 by August before a sharp breakout that brought it to the current range.
XRP recently broke above the channel’s upper boundary. The current price sits near $1.3933, just above the $1.26 support level and inside a cluster of key horizontal zones. That breakout is the foundation of Bitcoin Boy’s thesis.
XRPは心配しなくていい。それくらい長かった下落チャネルを抜け出したから。まだ時間がかかるけど大丈夫。#XRP pic.twitter.com/x2ZAkSEyDt
— ₿₿ (@btcbox123) October 14, 2026
Key Levels to Watch
The chart identifies several horizontal zones that will matter going forward. Immediate resistance sits at $1.70. Above that, $2 and $2.20 represent the next significant area. The $2.70 level follows, which has acted as both support and resistance historically.
The chart’s primary target is $3.65, marked in red. That level aligns with XRP’s 2025 peak. The green-highlighted zone near $0.99 represents the base from which the recovery began, with XRP accumulating there before the breakout.
The Price Projection
Bitcoin Boy’s chart shows a projected path upward, illustrated by a curved arrow rising from the current $1.39 area toward $3.65. The move requires XRP to clear multiple resistance levels above the current price.
The analyst acknowledges this will take time. The post does not specify a timeline. The focus is on the structural shift rather than a short-term catalyst.
What the Structure Suggests
XRP held above $0.99 during its lowest point and has since recovered. The breakout above the descending channel removes a key technical barrier that had capped price movements for over a year. Horizontal support levels are now stacked below the current price, which strengthens the setup.
Bitcoin Boy’s read is clear. XRP has broken out, and the trend has changed. Reclaiming $3.65 could open the asset to even higher levels.
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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