XRP is moving closer to a long-term ascending trendline on its monthly chart that has previously marked significant support levels and preceded major price rallies. The asset has declined alongside broader market weakness, creating the potential for another test of this historically important technical level.
XRP has fallen 16% in November and 16.07% in October as selling pressure continues across the cryptocurrency market. The token currently trades around $1.05, while the ascending trendline sits between $0.70 and $0.82 on the monthly chart. XRP would need to decline another 22% to 33% from current levels to reach this support area.
Historical Precedent for Support Holds
The ascending trendline began forming in May 2017 during XRP's initial rally to $3.31 in January 2018. The support was first tested in March 2020, when XRP reached $0.1103. That price level coincided with the trendline and marked the bottom of the decline. From that point, XRP recovered to $1.96 in April 2021, representing a 1,676% increase.
XRP tested the trendline again in July 2024 at $0.3834. Within three months, following Donald Trump's victory in the U.S. presidential election, XRP began a major rally in November 2024. The recovery continued for the following months, eventually taking XRP to an all-time high of $3.66 in July 2025, a gain of 854% from the July 2024 low.
Pattern of Diminishing Rally Sizes
Historical data shows that successive rallies following trendline retests have been roughly half the size of the previous one. The 2020-2021 rally produced a 1,676% gain, while the 2024-2025 rally yielded an 854% increase. If this pattern continues after another trendline retest, a rally of approximately 435% would place XRP around $3.56, near its all-time high.
Whether the support holds at the $0.70 to $0.82 area depends on buyer defense against ongoing selling pressure. Previous trendline tests provided recovery opportunities, but current market conditions remain uncertain.
