XRP Distribution Phase Targets $6 to $14 Range.
While XRP has continued to face bearish pressure amid a broader market weakness, chart data suggests higher targets may be on the horizon.
XRP continues to trade under pressure as weakness across the wider crypto market weighs on price action. After climbing to $2.41, the price has pulled back to $1.90. While short-term momentum remains soft, market data suggests the market may be setting up for a much larger move.
Specifically, XRP’s current behavior confirms a long-term thesis that has played out since the 2024 rally. XRP now sits within a distribution phase that often precedes strong continuation moves, especially when the price spends extended time moving sideways.
Why XRP’s Sideways Movement Matters
XForceGlobal, a Korean Elliott Wave analyst, highlighted this in a recent analysis. According to him, XRP is forming a flat pattern, a corrective structure that appears when buyers and sellers reach a temporary balance.
However, he insisted that this balance often indicates strength beneath the surface, not weakness. Specifically, the market pauses not because conviction disappears, but because urgency fades on both sides.
According to his analysis, XRP already completed a clear five-wave advance earlier in the cycle. This move confirmed bullish intent. However, instead of pushing straight into another rally, the market entered a compression phase to absorb gains and establish a new floor.
How Flat Patterns Test Traders
The analyst stressed that flat patterns exist to frustrate traders psychologically. Notably, the price does not trend strongly in either direction, which wears down both bulls and bears over time. Leveraged positions unwind slowly, and impatience replaces confidence. This process clears weak positioning without sharp sell-offs.
He added that most XRP traders still agree on the broader direction but disagree on the timing. This disagreement removes panic and excitement from the market, creating a calm but uncomfortable environment.
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