Peter Smith
⬤ XRP is moving within a large multi-year bullish structure, holding near the upper range of its long-term consolidation. The next leg up is expected to be parabolic, with the current setup resembling earlier breakout phases from previous market cycles. The chart shows a recurring pattern: tight consolidation followed by sharp vertical moves—suggesting XRP may be gearing up to repeat this behavior.
⬤ Comparing the 2017 breakout to the current 2024–2026 structure reveals striking similarities. Back then, XRP surged through Fibonacci levels at 1.272, 1.414, and 1.618 before entering a multi-year cooldown. A similar triangular formation has developed again, with new Fibonacci extension targets projected at $8.43 (1.272 level), $13.64 (1.414 level), and $27.24 (1.618 level). Recent price action shows XRP compressing within a smaller pattern—mirroring the setup that came right before the earlier explosive rally.
⬤ The chart's RSI analysis adds another layer of confidence. During previous parabolic runs, RSI hit extreme levels above 95. Right now, RSI sits near 57.25 and is forming a descending wedge—a typical cooling period after a strong upward push. This mirrors the pre-breakout behavior seen in past cycles, suggesting XRP may be setting up for a major move once momentum picks back up.
⬤ XRP's position in this long-term formation matters beyond just its own price. Repeating technical patterns across multiple cycles often shape how the broader crypto market interprets momentum and future direction. If XRP follows through on this setup and pushes upward, it could have ripple effects across the digital asset landscape—reinforcing bullish sentiment just as similar breakouts did in previous bull runs.
Peter Smith
