Usman Salis
⬤ XRP's price action is reaching a make-or-break moment on the monthly chart as February comes to a close. The $1.50 level has emerged as the line in the sand—holding above it would keep the Wyckoff reaccumulation spring pattern in play, while failing to maintain that level could signal a longer consolidation ahead.
⬤ The chart shows a classic Wyckoff reaccumulation structure unfolding across multiple phases, with a potential spring forming near the lower edge of the trading range. XRP recently bounced off support levels and moved higher, which fits the typical behavior you'd expect to see during a spring attempt within this type of consolidation pattern.
⬤ Everything hinges on XRP reclaiming and holding that $1.50 resistance zone. If the monthly candle closes above this threshold, it would confirm the spring remains valid inside the reaccumulation range. However, if XRP can't maintain this level, the bullish interpretation weakens and the asset likely stays trapped in its broader consolidation zone.
⬤ The $1.50 mark now serves as a sentiment barometer for the market. How February's monthly candle closes could decide whether XRP continues chopping sideways within this structure or finally breaks out into a stronger directional move after confirming the higher timeframe pattern.
Usman Salis
