Cryptocurrency analyst Archie (@Archie_XRPL) recently shared a chart capturing the close attention of XRP traders. Three technical conditions are converging simultaneously in the setup, mirroring a scenario where XRP gained over 500% within a matter of weeks the last time it occurred.
The November 2024 Precedent
Back in November 2024, the Relative Strength Index (RSI) for XRP stood at 39, positioned directly on a vital support level. Concurrently, the price was retesting its long-term ascending trendline. When these two factors aligned, XRP triggered a sharp breakout, climbing more than 500%.
This upward surge extended deep into 2025, culminating when XRP reached its all-time high of $3.65 that July. Archie emphasized this parallel directly, writing: “November 2024: RSI 39. Then it went parabolic.”
THE XRP CHART EVERYONE NEEDS TO SEE RIGHT NOW.
November 2024:
RSI 39.Then it went parabolic.
November 2026:
RSI 39.Inverse head and shoulders, right shoulder looks to be filled.
The Binance hack shook everyone out.
And XRP landed back on that trend line.
Same… pic.twitter.com/fR7jfTKLQZ
— Archie
(@Archie_XRPL) October 30, 2026
The Current Setup
As October concludes and November begins, those exact conditions have reemerged. The RSI rests near 39 once more, testing the identical red support line visible on the 2-day chart. Furthermore, prices have pulled back to the ascending trendline providing support since mid-2024. Archie remarked: “Same RSI. Same month. Right on the line.”
A Binance hack triggered the selloff responsible for dragging XRP back to these valuation levels. While the resulting panic selling drove prices down swiftly and steeply, the asset landed precisely on trendline support. Additionally, this drop finalized the right shoulder of an inverse head and shoulders formation developing on the chart since the beginning of 2026.
Multiple Bullish Signals Converging
The 2-day XRP/USDT chart clearly displays the inverse head and shoulders pattern. The head took shape at the lowest point of the 2026 correction, flanked by the left and right shoulders at elevated levels.
Completion of the right shoulder coincides with XRP testing its trendline support as the RSI registers at 41. Archie characterized the development as “peak synchronicity.” Although each individual condition holds technical weight on its own, their simultaneous arrival in the same month as the 2024 precedent makes the current setup notable.
What Archie Is Watching
Concluding his social media post, Archie posed a telling question: “Is XRP about to do it again?” He avoided issuing a direct price target, choosing instead to present the technical indicators and let the chart speak for itself.
XRP currently exchanges hands around $1.25. A confirmed breakout from the inverse head and shoulders pattern, alongside a sustained hold of trendline support and an recovering RSI, would put significantly higher levels back in play.
The breakout from these exact RSI and trendline thresholds in 2024 generated one of the most powerful rallies in XRP history. Whether November 2026 brings a duplicate performance remains uncertain, but the technical framework outlined by Archie provides market participants with a well-defined level to monitor.