This 8-Year Technical Pattern Could Send XRP to $58.9

XRP has spent most of the past decade moving through distinct phases of expansion, correction, and stabilization. That long history now forms the basis of a technical outlook shared by analyst Leb Crypto (@leb_crypto).

The analyst published a monthly XRP chart highlighting a large-scale structure that has been building since 2016. His analysis focuses on time, price structure, and clearly defined targets rather than short-term momentum.

The chart shows XRP trading near $2.11 while compressing beneath a major resistance zone tied to its prior all-time high. This area has capped price action for around a year, with the total consolidation lasting 13 months. According to Leb Crypto, that extended pause matters as much as any breakout attempt.

A Rounded Bottom Spanning Nearly a Decade

The foundation of the setup begins after XRP’s early 2018 peak. The chart shows a prolonged decline followed by a gradual stabilization phase that stretches through 2020. Rather than forming a sharp V-shaped recovery, XRP’s price action curved upward over time. This created a rounded bottom and formed the cup section of the cup and handle pattern.

From 2020 onward, XRP transitioned into a slow recovery marked by higher lows and diminishing downside volatility. The rounded structure remained intact through multiple market cycles. This type of base often reflects sustained accumulation rather than speculative spikes. The length of the formation strengthens its technical significance.

Cup and Handle Structure Emerges

After completing the rounded bottom in late 2024, XRP moved into the handle, experiencing a gradual decline in the latter half of 2025. The cup spanned several years and resolved into a handle that formed just below the previous all-time high. XRP traded sideways within a narrowing range during this phase, and briefly broke above it when it reached an all-time high in July 2025.

Leb Crypto emphasizes the duration of this consolidation. XRP has remained below the resistance level without losing structural support. Monthly candles cluster tightly, suggesting reduced volatility and controlled price behavior. In classical technical analysis, this pattern often precedes directional expansion once resistance gives way.

Fibonacci Extensions Outline Price Targets

The chart includes Fibonacci extension levels projected from the base of the structure. These levels define three upside targets. The first sits near $7 (Fib. 0.272). The next appears around $19.5 (Fib. 0.618). The highest extension reaches $58.9 Fib 1.

He clarified that $58.9 is his highest target and noted that it is “not to be confused with the jokers’ $589.” The targets reflect measured moves based on the size of the base rather than speculative projections.