Analyst: 9‑Year Ascending Triangle Could Drive XRP Toward $70
Crypto analyst CryptoBull highlighted a nine‑year technical structure for XRP (2017–2026) identified as an ascending triangle — a bullish pattern formed by rising yearly lows and a horizontal resistance level tested multiple times, including an ATH in July 2025. The pattern indicates compression as buying pressure increases along the rising support line, which could lead to a decisive breakout if XRP closes above resistance. CryptoBull projects a potential breakout target near $70, though timing is uncertain. The piece stresses long‑term accumulation, repeated resistance tests strengthening breakout odds, and warns of short‑term volatility. Disclaimer: this is analysis, not financial advice.
Bullish
The article presents a classic bullish technical pattern — a long‑term ascending triangle with rising lows and horizontal resistance tested repeatedly. For traders this implies a structural buildup of buying pressure and a clear breakout framework: a confirmed close above resistance would likely trigger momentum buying and accelerated upside (target cited ~ $70). Historically, multi‑year consolidation followed by a breakout (e.g., Bitcoin and large‑cap altcoins after prolonged bases) tends to produce strong directional moves and elevated volatility. Short term, the news may increase speculative interest, higher leverage usage, and sharper price swings around resistance. Long term, if the pattern completes, it can attract new holders and institutional attention, supporting sustained appreciation. Risks: pattern failure, macro shocks, regulatory events, or sudden liquidity shifts can invalidate the setup and cause large drawdowns. Traders should monitor breakout confirmation (daily/weekly close), volume expansion, funding rates, and on‑chain flows to manage risk and size positions accordingly.