$XRP The $XRP 4H chart from Cheds Trading shows a potential "W" pattern breakout, a double-bottom formation suggesting bullish momentum, supported by technical analysis indicating a break above the neckline near $2.13 aligning with historical patterns like those analyzed on TradingView where XRP has been consolidating for eight years.

Recent market context includes a surprising $100 million XRP purchase by Vivopower, as reported in web analyses, which could signal institutional interest and drive price surges, challenging the narrative of XRP's stagnation amid regulatory uncertainty.

No peer-reviewed studies directly address XRP's technical patterns, but the W pattern's reliability is backed by trading literature (e.g., Blueberry Markets, 2024), which notes a 60-70% success rate for breakouts when confirmed with volume, though caution is advised due to volatility around economic announcements.