Peter Smith
⬤ XRP is approaching a crucial technical zone as it holds near long-term ascending triangle resistance. The three-month Gaussian channel pattern looks remarkably similar to earlier XRP market structures, hinting that the asset might be entering another pivotal stage. Right now, XRP is trading around the $1.90 area while staying above its long-established ascending support line.
⬤ The bigger picture here mirrors two previous cycles where XRP formed an ascending triangle before exploding upward into massive rallies. The current setup looks a lot like what happened back in 2016-2017, with resistance being tested again after a steady climb from the $0.70 support zone. Long-term candles show that XRP has consistently bounced off this rising support line over multiple years, which really underscores how important this formation is.
⬤ Market attention has ramped up around XRP because of these repeating fractal patterns. The Gaussian channel smooths out long-term momentum and lines up perfectly with the ascending triangle shown on the chart. XRP trading near resistance around $1.90 represents a critical standoff between buyers and sellers. A breakout or rejection here could decide whether the asset pushes into the next cycle phase or drops back toward support near $0.70.
⬤ This setup matters because XRP is showing one of its clearest long-range technical patterns in years. Multi-cycle structures like ascending triangles and Gaussian-channel fractals often shape broader market sentiment and expectations. How XRP behaves around this long-term resistance could influence momentum across major altcoins, especially given the asset's track record of massive cyclical moves once these patterns finally resolve.
Peter Smith
