Saad Ullah
XRP just caught everyone's attention again, and this time it's all about the technicals. This isn't just another chart pattern. XRP has been quietly building strength above the $3 zone while respecting long-term support, and it looks like we might be on the verge of something explosive.
The Chart That's Got Everyone Talking
Crypto analyst EGRAG CRYPTO spotted something big - a bullish rectangle formation that's got traders buzzing about the next major move.
XRP's been trading inside a well-defined rectangle for months now, and that's actually bullish. This consolidation pattern is classic accumulation behavior - smart money loading up before the next leg higher. Here's what matters:
- Support sits rock solid around $2.90-$3.00 where that multi-year trendline has been doing its job
- First breakout target is $3.65 - that's where things get interesting
- The big prize? $22, with some wild projections hitting $27 if momentum really takes off
The pattern tells a clear story. Years of consolidation are building up pressure, and when this rectangle breaks to the upside, history says we're in for serious volatility and volume.
Why This Setup Actually Works
XRP isn't just drawing pretty lines on a chart. The fundamentals behind this technical setup are solid. That multi-year ascending trendline has been XRP's best friend, bouncing price higher every time it gets tested. The momentum indicators are lighting up green right alongside whale accumulation patterns. Plus, the broader crypto market's renewed optimism is giving XRP the tailwind it needs to sustain upward pressure.
Saad Ullah
