$XRP /USD chart from Coinbase. This appears to follow the classic Wyckoff method, identifying key phases and events in an accumulation cycle.

๐Ÿง  What You're Seeing: Wyckoff Accumulation (Simplified Breakdown)

PhaseEventDescriptionASC (Selling Climax), AR (Automatic Rally)First signs of stopping the downtrend.BST (Secondary Test), range-building beginsTests SC low and AR high.CSpring, TestFinal shakeout to trap bears; price dips below support.DLPS (Last Point of Support), SOS (Sign of Strength)Volume increases, price makes higher highs/lows.EMarkup beginsStrong breakout as demand dominates.

๐Ÿ” Key Elements in Your Chart

Creek: Represents minor resistance that price โ€œjumpsโ€ over during markup (see: Jump Across the Creek).

Spring/Test: Fakeout to the downside to trap shorts before reversal.

LPS: Where buyers begin to take control โ€” often a great entry point.

SOS: Confirming bullish momentum โ€” strong volume + higher highs.

Resistance Lines: Appear to be around $2.50โ€“$3.10

Support Area: Likely near $1.20โ€“$2.00

๐Ÿ“Œ Interpretation for XRP/USD

If this Wyckoff structure is valid and we are indeed in Phase D, XRP could be gearing up for a markup phase โ€” meaning price appreciation above the resistance levels mentioned.

Would you like me to overlay a clean Wyckoff Accumulation diagram on a current XRP chart for visual confirmation?

#StripeStablecoinAccounts #TradeStories #CryptoComeback #Write2Earn! #xrp