XRP Copies Its Homework: History Repeating on the Trendline

XRP appears to be running it back.

The token is currently replicating the same downward-sloping trendline retest pattern that preceded its early March surge. After hitting $1.60 on March 17—fueled by the broader market rebound amid U.S.-Iran tensions—XRP has since given back more than 16%, now hovering around $1.33.

Trader Swarmik, who successfully shorted XRP earlier this month, is flagging the familiar setup. He's pointing to a sloping trendline that's been playing hard to get since XRP's collapse from the $1.67 high on February 15.

Here's the thing: XRP's been rejected by this trendline twice already. First attempt hit $1.39 on April 7 before pulling back. Second attempt reached $1.375 over the weekend with the same result—resistance holding firm.

Now everyone's watching for attempt number three.

The historical precedent is interesting, if you're into that sort of thing. Last time around, XRP tried and failed three times before breaking through: rejections at $1.49 (Feb 25), $1.47 (March 4), and $1.45 (March 13). After that third "no," it finally broke out and hit $1.60 on March 17—a 13%+ pump from the breakout point.

Swarmik expects a similar outcome this time, though he's keeping expectations in check. "I'm not feeling optimistic, but a small rally is possible," he noted.

The bigger picture isn't pretty: XRP remains down 63% from its July 2025 all-time high, with the downtrend dating back to October 2025. The April 5 low of $1.27 represented a 20% drop from the March peak before the current recovery attempt.

Whether XRP's trendline trilogy has a happy ending this time around—well, that's the question on every chart-watcher's mind.