XRP Channel Pattern Points To $5, Says Korean Analyst | Altcoin Ripple | CryptoRank.io

XRP's chart pattern remains the article’s anchor, suggesting a potential upside if the price breaks out of a long-standing channel that has guided XRP since 2013. The token is trading around $1.34, down about 13% from a May 14 high of $1.54, with a key support zone near the lower middle boundary of the multi-year ascending channel, aligned with the Fibonacci 0.382 level near $1.40. This zone was developed between 2022 and 2024 and is viewed by analyst Ninedex as one of XRP’s strongest long-term supports. Ninedex notes two bullish technical signals: a weekly stochastic rise from 15 to 20 and a MACD golden cross, signaling renewed momentum.