XRP is holding firm above its breakout level, forming higher lows and compressing in a classic bullish consolidation pattern.
Despite falling new address counts, XRP’s price structure stays intact, signaling strength in the face of reduced network activity.
XRP’s current range mirrors past accumulation zones, where long consolidation periods often led to explosive directional moves.
XRP is holding strong above a multi-year breakout zone, showing bullish structure despite slowing network growth. This setup resembles XRP’s previous macro cycles, sparking interest in a potential continuation phase from current levels.
Compression at Support Points Toward Market Setup
The Cryptocurrency has spent weeks consolidating just above the $0.60 level, acting as the new multi-year support floor. XRP’s price recently surged 384.62%, climbing from $0.32 to $1.54 in 364 days before pausing in a clear range. This phase echoes earlier patterns where long consolidations preceded large upside expansions.
Assessing XRP’s macro behavior reveals a market that thrives on structural repetition and breakout timing. During its early cycle, XRP gained 1,474.07%-jumping from $0.006 to $0.10 across 854 days, or 154 bars. It later extended to $3.31 in a historic vertical move that completed the higher-high formation. That run reversed sharply, but XRP found support and printed a higher low bullish textbook signal. The coin then traded inside a tight $0.10 to $0.30 range for 1,370 days, until it decisively flipped resistance into new support.
Source: (X)
This shift has changed the technical landscape. XRP cryptocurrency now holds its ground above the breakout, building pressure inside a tightening consolidation. The structure has compressed volume and range, forming a recognizable accumulation zone often seen before rallies. Traders are watching this consolidation closely-many framing it as another setup in XRP’s repetitive cycle of expansion and rest.
New Addresses Decline, Price Maintains Altitude
XRP cryptocurrency’s on-chain footprint tells another side of the story. Between 18 September and 15 June, network activity surged then fell sharply. As the price climbed toward $2.50, XRP's daily new addresses jumped to nearly 30,000. Yet after that peak, network growth tapered, even while XRP held above $2.00.
Source: Coinvo on (X)
This shift raises valid structural questions. Can XRP cryptocurrency sustain higher prices without fresh network momentum? Or is the declining address count a sign of short-term exhaustion? Despite the drop, XRP still logs between 2,500 and 4,000 daily addresses, which is much more than pre-rally levels.
The technical structure, however, remains constructive. XRP cryptocurrency continues to respect its breakout level and maintain higher lows across every retrace. That’s a bullish signature in macro formations. Price action within the yellow-circled zone also reflects measured consolidation, not panic.
The cryptocurrency, therefore, is at a critical stage-compressing, holding support, and awaiting confirmation. The longer this range holds, the stronger the base may become. Traders will now look for decisive direction-either a continuation or a retest-built on clear market structure.
