Peter Smith
⬤ XRP has started to display renewed bullish momentum, with long-term technical charts indicating the beginning of a new rally phase. According to analyst @TheMoonHailey, the current move represents the early stage of a broader advance, identified as Phase 4. This phase follows multiple historical consolidation and expansion cycles, suggesting XRP is transitioning toward a stronger directional trend.
⬤ The chart shows a structured multi-phase pattern where XRP previously moved through accumulation and consolidation before entering the current expansion setup. Price is holding above a rising support trendline while consolidating near the upper boundary of the structure. This mirrors earlier phase transitions where similar consolidation preceded stronger upside moves. Volume patterns also match prior breakout phases, indicating sustained market participation rather than a temporary spike.
⬤ The all-time high sits as the first major upside target. A confirmed break above this historical peak would validate the transition into the next trend leg. Beyond that level, the chart projects a higher price zone with a marked target near $21.50, though this is presented as a longer-term technical objective rather than an immediate expectation.
⬤ This setup matters for the broader crypto market, as XRP historically shows strong directional moves once major resistance clears. A successful breakout above the all-time high could reinforce bullish sentiment and confirm the current phase structure. However, progress toward higher targets depends entirely on sustained strength above key resistance – making price behavior around the historical peak the critical watch point right now.
Peter Smith
