Crypto analyst ChartNerd, known for his technical breakdowns of XRP’s price action, says the digital asset may be forming a bottom reversal pattern after months of corrective movement. According to his latest analysis, XRP has already fulfilled the downside target of its descending triangle pattern that began after its all-time high.
The next potential setup, he says, could be an ascending triangle, a bullish structure signaling trend reversal, provided XRP can maintain support above $2.30.
“XRP placed an ATH and then formed a descending triangle (breakdown pattern). That breakdown target has been met. Now, XRP has the chance to form an ascending triangle (bottom reversal pattern) if it can hold the line above $2.30. Breakout target = $3.20,” he wrote on X.
$XRP placed an ATH and then formed a descending triangle (breakdown pattern). That breakdown target has been met.
Now, $XRP has the chance to form an ascending triangle (bottom reversal pattern) if it can hold the line above $2.30.
Breakout target = $3.20 Check pinned tweet 🐦
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) November 11, 2025
XRP/BTC Pair Breaks Descending Resistance
In a follow-up tweet, ChartNerd highlighted the XRP/BTC trading pair, noting that it has broken its long-term descending resistance and is now encountering horizontal resistance, a normal retracement phase before further upside continuation.
An accompanying chart shared by the analyst shows XRP/BTC successfully breaching its multi-month downtrend line, confirming a technical breakout. However, price action has temporarily stalled at the 0.00002350 BTC level, where horizontal resistance sits.
“After breaking descending resistance, it has run into horizontal resistance and is seeing a pullback as expected. HL (higher low) is likely to form here. I gave you the heads up on the USDT pair coming in for ST retracement last night. The base is being built,” ChartNerd explained.
“The Base Is Being Built” — Eyes on $2.70 Resistance
The analyst reiterated that XRP’s short-term price structure remains intact and bullish, as long as it maintains higher lows above the $2.20–$2.30 region. He previously identified that zone as the bottom range, which has since held firm.
“XRP holders… Nerd called the bottom for $XRP between $2.20/$2, and so far, all is going well. The next stop is breaking $2.70 resistance, which I’ve tweeted about several times since the local lows. Once $2.70 (immediate resistance) is cleared, the pathway to ATH begins,” he said.
Technical Outlook
The confluence of factors, a confirmed breakout on the BTC pair, structural support above $2.30, and the potential formation of an ascending triangle, points to growing bullish momentum. If XRP can break and hold above $2.70, ChartNerd projects the next upside target at $3.20, which would signal a return toward its all-time high zone.
As XRP consolidates near key technical levels, analysts view the current phase as a crucial base-building stage ahead of what could be the next major leg upward in its market cycle.