XRP Monthly Chart Points to $35 Target as RSI Stays ~40
Crypto commentator Bitcoin Boy (@btcbox123) highlighted an XRP technical setup on a monthly Bitstamp chart, arguing XRP could revisit higher levels near a long-term target of $35.
The chart shows XRP trading inside a large ascending channel that has held for more than a decade. After XRP’s major 2017-cycle breakout, it consolidated near the channel floor before rising toward an early-2018 peak. A similar pattern is cited for late 2024, when XRP reportedly produced a ~500% breakout above $3 for the second time.
Now, with XRP consolidating and sitting near the lower trendline of the channel, the bullish case is that XRP may repeat prior cycle behavior. Bitcoin Boy also notes RSI on the monthly timeframe is around 40 after fading from higher readings earlier in the rally. The article contrasts this with previous cycle tops, where RSI pushed above 80, implying XRP has potential “room” for another major expansion if momentum returns.
Overall, the $35 target is framed as the upper boundary projection of the ascending channel, not a short-term prediction. The piece includes a standard disclaimer that it is for informational purposes only and is not financial advice.
Keywords used in the discussion: XRP, monthly chart, ascending channel, RSI, $35.
Bullish
The article is bullish for XRP because its thesis is built on a long-duration ascending channel and a monthly RSI that has not reached prior cycle extremes (around 40 vs. >80 at tops). Historically, when assets consolidate near major channel support and the momentum indicator is still below peak levels, breakouts have more room to develop.
In the piece’s framing, XRP has repeatedly respected post-rally support zones and maintained higher lows since the 2017 breakout—behavior that typically attracts trend-following traders and can keep dip-buyers engaged.
Short-term trading impact: the $35 call is not immediate, but it may increase speculative interest and strengthen bids around the lower trendline if traders treat the channel as a “map.”
Long-term trading impact: if XRP continues to mirror the 2017 and late-2024 consolidation-to-breakout sequence, traders may start repositioning for a major move toward the channel’s upper boundary. However, because this is technical-history based (not a catalyst-driven announcement), market stability will still depend on broader crypto liquidity and risk sentiment.