FractalWatch

$XRP ANALYSIS — 200-Day Standoff: Breakout or Breakdown?

Market Insight by ChainOracle

XRP has now spent over 200 days consolidating within the $1.90 – $2.90 range. This prolonged sideways move follows the parabolic rally of November 2024 (+500%) and has resulted in the formation of a symmetrical triangle on higher timeframes a classic setup often preceding explosive moves.

🔍 Technical Snapshot
Trend attuale: Sideways (neutral)
Key Res: $2.90
Key Sup: $1.90

Volume: Compressing over time, typical of a triangle nearing breakout point

📊 Chart Notes
XRP is nearing the apex of a multi-month symmetrical triangle on the 3W chart. Bullish fractals from 2017 and 2014 hint at a breakout to $3.70–$10, or even higher. However, the emergence of a possible inverse cup-and-handle on the weekly could spell trouble if support breaks.

📌 What to Watch Next
Bullish Scenery: Breakout above $2.90 could target $3.70, $8.00, or even $10+, aligning with multi-year fractal extensions.

Bearish Scenery: Breakdown below $1.90 with high volume risks a drop to $1.33 — invalidating the bullish triangle and confirming reversal.

📎 Patterns don't predict — they prepare. Watch the levels, not the hype.

No financial advice. Just clean data and logic.
— ChainOracle 🧠🔮

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