Alex Dudov
⬤ XRP is catching eyes again as it holds just below its all-time peak, sitting at a critical point in its long-term pattern. The chart shows XRP wrapping up a lengthy consolidation after a strong push higher, with price currently staying above key rising support. The setup suggests XRP is positioned at the starting line of a genuine rally, with more upside likely once it breaks above the all-time high.
⬤ The chart reveals a repeating multi-phase pattern that's shaped XRP's market cycles before. Earlier phases featured sharp climbs followed by drawn-out corrections and tightening ranges. In this cycle, XRP has already broken out from a multi-year consolidation and now trades within a bullish expansion phase while respecting an upward trendline that's guided price since the breakout.
⬤ The all-time high stands out as the first major technical checkpoint on the chart, marked as TP1. A clean break above this level would trigger the next expansion phase—what traders call the second wind. Beyond that, the chart projects a higher long-term target zone with an extension labeled TP2 near the 6.618 Fibonacci level, pointing to the low double-digit price range shown on the axis.
⬤ This matters because the all-time high marks the line between continuation and extended consolidation. A confirmed breakout signals a shift into the next phase of the broader cycle, backing up bullish momentum and market confidence. On the flip side, failing to clear this level could stretch out the current range and push back further expansion, keeping volatility high while the market waits for confirmation.
Alex Dudov
