XRP is trading at $1.38 on the monthly chart. A recent chart from crypto analyst Amonyx (@amonyx) suggests that it won’t be here for long. He posted a TradingView chart showing a confirmed XRP breakout with strong bullish expectations. He flagged the setup as conviction and predicted the price would move fast. The chart covers over a decade of price history. It shows a pattern analysts have been watching closely. Now, the structure appears to have been resolved again. BREAKOUT CONFIRMED Get ready… this is about to move FAST $XRP pic.twitter.com/lrOUr3E2JW — Amonyx (@amonyx) May 7, 2026 What the Chart Shows The monthly chart shows XRP dating back to 2014. Two ascending parallel trendlines define the long-term ascending channel . The digital asset has respected both boundaries across multiple cycles. In early 2018, XRP spiked above $3 before suddenly pulling back sharply. It spent years compressing within the lower half of the channel. In 2024, it began climbing again . This time, it stayed above previous lows despite multiple market crashes in 2025 and a prevailing bearish sentiment in 2026. The current candle sits at $1.41, with a session high of $1.46. A large arrow on the chart points sharply upward from the current price level toward $11 and $35. That arrow reflects the analyst’s projected trajectory if the breakout holds. The RSI Reading The RSI indicator at the bottom of the chart adds context. During the 2018 and 2025 rallies, RSI surpassed 90. During the 2021 cycle, it hit approximately 80. The current reading sits near 45, well below those prior peaks. That gap matters. RSI at 60 on the monthly chart suggests the current move has not yet reached overbought territory. Prior cycles ran significantly higher before reversing. The current setup shows room for continuation based on that historical comparison. Structure and Repetition The chart highlights key consolidation zones in orange. The first appeared in 2017, the second in 2024, and the asset began forming the current one after hitting its all-time high in July 2025 . These phases form as XRP trades consistently below a descending trendline. Once this resistance pushes XRP to the bottom of the ascending channel, it could repeat history and experience a notable surge. Amonyx’s chart presents the breakout as a structural confirmation. The logarithmic scale places the projected move in perspective against prior cycles. Price action in the coming weeks will confirm whether the breakout sustains. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst Says XRP Price Breakout Is Confirmed. Here’s the Signal appeared first on Times Tabloid .