Saad Ullah
⬤ XRP defends multi-year support above former cycle highs — Price remains compressed within a large symmetrical triangle that's been forming for several years. The weekly chart shows repeated bounces off ascending support while descending resistance continues limiting upside, creating a tightening range. Holding above the 2021 high zone remains essential for keeping this structure valid.
⬤ Historical pattern suggests explosive move after prolonged consolidation — XRP has previously shifted from extended sideways phases into strong impulsive rallies once resistance broke. Earlier compression periods on the chart led to sharp upward expansions after months of range-bound trading. Currently, price sits near the upper half of the triangle, showing continued pressure against long-term resistance rather than collapsing toward lower supports. Fibonacci extensions map potential upside targets at roughly $8, $13, and $27 if a sustained breakout materializes.
⬤ Support breakdown would invalidate bullish structure — A decisive loss of the 13-month support base would erase the current pattern and undermine the broader bullish case. Until that happens, XRP continues respecting its multi-year support trendline, keeping the symmetrical triangle technically intact. Price behavior stays constructive as long as this zone holds.
⬤ Market significance of extended consolidation patterns — Multi-year compression structures often precede major directional moves after prolonged sideways action. XRP's defense of its higher-range territory suggests the market is still absorbing prior gains rather than reversing course. With resistance, support, and Fibonacci levels clearly defined, this setup offers a solid framework for tracking how price might develop as the triangle reaches its final stages.
Saad Ullah
