Peter Smith
While crypto markets have been relatively quiet, XRP appears to be setting up for what could be its final major move of this cycle. The current price structure looks remarkably similar to the consolidation pattern that preceded XRP's historic 2017 rally—a long period of accumulation followed by an explosive breakout.
What the Chart Shows
Analyst Mikybull Crypto notes that XRP is sitting just below critical resistance, with the "red band" projection pointing toward targets between $7 and $15. The chart suggests strength is building beneath the surface, ready to break out.
The 3-month XRP/USD chart displays a clear ascending triangle—a bullish formation that typically signals major upward moves are coming. XRP is currently testing resistance between $2.40 and $2.80, the same ceiling from its previous cycle. Meanwhile, the price keeps forming higher lows along an ascending trendline that started around $0.40, showing sustained accumulation over time.
The initial breakout target sits at $7, with an extended projection reaching $11-$15 based on historical Fibonacci extensions. This setup mirrors the 2014-2017 phase visible in the lower part of the chart, where XRP consolidated under resistance before rocketing to its all-time high above $3.
Technical Signals and Context
Several indicators point to building bullish pressure. The Bollinger Bands show the upper red band expanding, signaling increasing volatility and momentum. Moving averages are sloping upward, reflecting positive medium-term trends. Volume has been rising steadily over recent quarters—a sign of quiet accumulation rather than speculative hype.
Beyond technicals, XRP benefits from renewed optimism around Ripple's ecosystem, clearer U.S. regulatory outlook, and the company's growing role in cross-border payments. These fundamentals strengthen the case for a sustained rally once resistance breaks.
The lower portion of the chart shows the exact same ascending pattern from 2014-2017 before XRP's explosive rise. This repetition suggests the market is following its cyclical nature—compression, expansion, distribution. If XRP replicates even part of that move, breaking above current resistance could trigger a multi-quarter rally toward the red projection band's upper targets.
XRP sits at a technically critical point—consolidating below multi-year resistance, forming higher lows, and compressing volatility. Historically, this combination has preceded XRP's strongest rallies. The "final expansion phase" appears near, with $7 as the primary target and $11-$15 as extended possibilities if momentum confirms. Patience may soon pay off.
Peter Smith
