XRP, gathering strength for 107 days... Is a re-challenge to $3.1 opening up?

▲ XRP

Market interest is growing around the possibility of a strong breakout as XRP approaches the end of an accumulation phase that has lasted over 100 days.

According to TheCryptoBasic on May 15 (local time), market analyst Celal Küçüker presented XRP's daily chart, analyzing that XRP has shown an accumulation trend for over 100 days below a multi-month downtrend line. Küçüker described this period as "like waiting for a rocket to start."

XRP recorded an all-time high of $3.66 in July 2025, followed by a significant correction. It then fell to $2.62 in early August 2025 and briefly recovered above $3, but continued to form lower highs on the daily chart after its July 2025 peak. This trend led to the formation of a downtrend line that limited XRP's upside potential for several months.

As selling pressure continued along the downtrend line, XRP was pushed down to a new low in early February 2026. Since then, XRP has not recovered its previous highs but has entered an irregular recovery trend by forming higher lows. Küçüker pointed out that this trend developed into a symmetrical triangle-shaped accumulation phase and has now lasted for approximately 107 days.

TheCryptoBasic reported that XRP recently utilized the overall bullish trend in the cryptocurrency market to recover and maintain above $1.45. However, according to Küçüker's analysis, for XRP to successfully break out of the accumulation phase, it must first recover $1.55 and close above that price.

Küçüker believes that if XRP breaks above the upper downtrend line that has prevented its rise since July 2025, the first target could be $2.4. This represents a 62% increase from the current price and aligns with the resistance zone that limited the rise in early January 2026. If XRP breaks this resistance, the next target is set at $3.1. $3.1 corresponds to a past resistance area near the multi-month downtrend line.

The final hurdle on Küçüker's chart is reclaiming the all-time high of $3.6. If XRP recovers this level, the possibility of entering a price discovery phase opens up. With the accumulation trend lasting over 100 days and the convergence of a symmetrical triangle, the XRP market is facing the short-term turning point of whether it can break above $1.55.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*