XRP has faced downward pressure for more than a year, with a prolonged, grinding downtrend channel suppressing its price across various timeframes. However, crypto analyst Bitcoin Boy (@btcbox123) suggests on X that this phase is drawing to a close.
Sharing the daily Binance chart alongside his perspective, he offered a direct assessment: “You don’t need to worry about XRP. It broke out of that long downtrend channel. It’ll still take some time, but it’s okay.”
The Descending Channel Breaks
The chart illustrates a distinct trajectory. Following its all-time high of $3.65 in July 2025, XRP moved into consolidation. Between mid-2025 and late 2026, it remained confined within a clearly defined descending channel. Its lower boundary neared $0.9 by August before a decisive breakout drove the asset into its present range.
XRP has now moved past the upper boundary of the channel. Trading around $1.3933, the price rests just above the $1.26 support level inside a grouping of important horizontal zones. This breakout forms the core of Bitcoin Boy’s outlook.
XRPは心配しなくていい。それくらい長かった下落チャネルを抜け出したから。まだ時間がかかるけど大丈夫。#XRP
— ₿₿ (@btcbox123) October 14, 2026
Key Levels to Watch
The chart highlights several horizontal zones critical for future price action. Immediate resistance is found at $1.70, followed by $2 and $2.20 as the next major hurdles. Further up lies the $2.70 level, which has previously served as both support and resistance.
Highlighted in red, the chart’s primary target sits at $3.65, matching XRP’s peak from 2025. Meanwhile, the green-shaded zone near $0.99 marks the foundation of the recovery, where XRP accumulated prior to the breakout.
The Price Projection
Bitcoin Boy’s chart outlines an upward trajectory through a curved arrow moving from the $1.39 region toward $3.65. Completing this advance necessitates overcoming several resistance barriers currently positioned above the market price.
The analyst notes that this process will require patience and omits any specific timeline. The emphasis is placed on the broader structural change rather than immediate catalysts.
What the Structure Suggests
After finding a low and holding above $0.99, XRP has staged a recovery. Escaping the descending channel removes a major technical obstacle that had restricted price action for more than a year. With horizontal support levels now positioned underneath the current price, the technical setup is reinforced.
Bitcoin Boy’s evaluation indicates that XRP has achieved a breakout, shifting the trend. Successfully reclaiming $3.65 could potentially pave the way for the asset to reach even higher levels.