XRP climbed through July and held its ground above a long-term ascending support line that has defined the token's chart structure since 2018. The monthly candle opened near $1.0385, briefly touched $1.1828, dipped to $1.0210, and eventually settled around $1.13, capping a month with gains exceeding 9%.

The broader pattern drawing attention is an ascending triangle that has been forming for roughly eight years. Its lower trendline connects a series of higher lows dating back to the 2017 market cycle, surviving corrections in 2019, 2020, and 2022 without breaking. Each time sellers pushed the price down, buyers stepped in at a higher level than the previous trough. The upper boundary of that triangle traces back to the 2018 peak near $3.30, a ceiling that rejected every major rally for years.

Breakout, Pullback, and Where XRP Stands Now

XRP did punch through that long-standing resistance during 2024, and by July 2025 the token had climbed past $3.60. The move looked like a textbook breakout. Then came the pullback. Price retreated during the current correction but, crucially, stayed above the rising support line that anchors the triangle's lower bound. That distinction matters: staying above the trendline keeps the multi-year bullish structure technically intact.

The primary Fibonacci support sits at $0.8369, and the next meaningful resistance level to watch is $1.5620. A sustained move toward that level would require buyers to maintain control on the higher timeframes, which is exactly where the picture gets complicated.

Analyst ChartNerdTA reviewed XRP across several timeframes and found a clear split. From the 30-minute chart through the daily, signals lean toward strong buying conditions. Zoom out to the weekly and monthly, though, and the technical summary flips to "strong sell." The analyst was direct about it: lower-timeframe relief does not mean the broader correction is finished. At the same time, ChartNerdTA cautioned against reading oversold readings on longer charts as an automatic reason to exit, noting that such readings can precede extended consolidation rather than a sharp drop.

The key number to keep in mind is $0.8369. As long as XRP trades well above that Fibonacci floor, the eight-year structure remains intact on paper, even if shorter-term momentum is messy.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets carry significant risk; always do your own research before making investment decisions.