Peter Smith
XRP has caught traders' attention with its remarkably consistent price behavior over the past month. While many cryptocurrencies have been moving erratically, XRP seems to be following a predictable playbook that could signal another significant move higher. With the token currently sitting in a key pullback zone, market watchers are asking whether this sets up the perfect launching pad for a push toward $4.
XRP Follows Clear Pattern: Consolidate, Break Out, Pull Back
XRP has been following the same playbook for the past month. The 4-hour Coinbase chart shows a clear rhythm: consolidate, break out, pull back, repeat. We've seen this exact sequence three times throughout July.
Currently trading at $2.86, XRP is in the "reversal pullback" zone. If the pattern holds, another rally toward $4.00-$4.40 could be next. The chart shows how XRP consistently bounces back stronger after these pullback phases.
XRP Price Setup Points to $4+ Breakout
According to @CryptoGoos, XRP showed strength after consolidation phases around July 4-7, July 10-13, and July 16-19. Each time, the price broke out with momentum.
XRP has retreated from its $4.40 peak to $2.87 - the "reversal pullback" phase. This dip could be the final shakeout before another move up. Based on previous cycles, XRP might snap back to higher levels quickly.
Can XRP Price Rally Again?
If the pattern continues, XRP could push toward $4+ soon - roughly 35% upside from current levels. Traders should watch for volume spikes and confirmation signals.
XRP is at a crossroads. Whether this becomes another leg up or breaks down depends on market sentiment. With proper risk management, XRP bulls might be ready for their next moment.
Peter Smith
