$XRP
Despite repeated attempts, XRP/USD has not decisively broken through either the upper or lower limits of this range. The ongoing tight consolidation reflects market indecision, but analysts say the chart structure could resolve soon — potentially triggering a significant movement.
Bullish Fractals Suggest a Surge from $3.70 to $10
Analysts see similarities between the current setup of XRP and its historic bullish rally of 2017, which took the token from under $0.30 to over $3.00 in a matter of months.
Key Points:
XRP has traded within a range of $1.90–$2.90 for almost 200 days, forming a symmetrical triangle on higher time frames.
Technical analysts cite fractals from the XRP rally in 2017 that suggest a potential surge to $3.70–$10 or even $25.
A bearish “inverted cup and handle” pattern could invalidate the bullish setup and drag XRP down to $1.33.
XRP Trapped in a 200-Day Lateral Channel — Will It Surge or Break?
XRP has entered its 200th day of consolidation within a broad price range of $1.90 to $2.90, with little directional bias as bulls and bears remain evenly matched. The movement follows XRP's parabolic rally in November 2024, when the token skyrocketed nearly 500%, triggering a prolonged period of sideways trading.