The current XRP price action on the weekly chart shows a decisive breakout from a long consolidation structure. According to data shared on X by analyst Cryptobilbuwoo, the chart displays XRPUSD breaking above a descending resistance line. This comes after extended range trading near a clearly marked support line. The breakout is in line with a historical price structure that mirrors XRP's behavior before its 2017 expansion phase.
Prices moved sharply higher after holding support near the breakout zone. The chart calls this a clean breakout after rapid vertical expansion. This means the structure shifted from compression into trend continuation.
The visual layout clearly places the breakout zone above a rising channel. This channel covers multiple years of price action. It frames XRP within a broader upward trajectory instead of a short-term move.
The chart highlights Fibonacci extension levels marked at 1.618. These levels appear twice across key historical cycles on the same structure. In both cases, prices advanced toward the upper boundary of the rising channel.
The first historical cycle shows XRP reaching a labeled TP1 before extending toward TP2. These target points sit along the same 1.618 extension path. The structure repeats in the current cycle following the recent breakout.
Current projections place TP1 near the $22 region. The chart also shows a higher TP2 near the $136 area. Both levels align with horizontal price markers on the right scale.
The support line plays an important role in the setup. Prices consolidated above this level before the breakout occurred, marking several tests of this support zone without a breakdown.
Following the breakout, price surged vertically while maintaining structure above prior resistance. This resistance then flipped into support on the weekly timeframe. Such behavior reflects trend continuation mechanics shown earlier in the chart.
Below the price chart, the RSI indicator provides added context, with cyclical peaks and troughs that resemble previous market phases. The most recent reading shows RSI rising after a reset from elevated levels.
The chart includes the phrase “Again 2017,” linking the current structure to the earlier cycle. Both cycles show prolonged accumulation followed by a sharp breakout phase. The similarities appear across price structure, channel alignment, and momentum behavior.
The analyst added a forward-looking statement alongside the chart, stating, “Maybe in 5 years, maybe even sooner, we’ll see $1,000.” This comment reflects a long-term projection tied to the visible structure: Can repeating historical structures within long-term channels shape future XRP price behavior?
The XRP weekly chart shows a confirmed breakout above long-term resistance after extended consolidation. The price structure now aligns with a rising channel, clear support holding, and visible Fibonacci extension levels. The setup mirrors earlier historical cycles and frames XRP within a renewed long-term expansion phase.
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