XRP’s 6-month wedge formation reflects historical setups that preceded vertical breakouts, including the 2017 rally that shattered ATH.
The current phase mimics past patterns, suggesting XRP may soon break $2.90 and aim for higher levels like $6.6 and $21.5.
Amber International adds XRP to its $100M reserve, backed by Pantera and Kingkey, signaling rising confidence from institutional investors.
$XRP is positioning for a potential breakout after months of sustained consolidation. Technical patterns and growing institutional interest suggest strong upside momentum building just below its all-time high (ATH).
Technical Structure Signals a Breakout Setup
$XRP’s weekly chart reflects a consistent multi-phase market cycle. For over six months, the asset has consolidated in a narrowing price range. This ongoing pattern resembles previous cycles where price convergence led to rapid upward movement.
According to @CW8900, $XRP is exhibiting a wedge-shaped convergence pattern, which previously triggered major price expansions. The last such setup preceded a breakout that took the asset to its ATH. In the latest structure, the token exited a long-term wedge in early 2025 and surged toward resistance near $2.90.
https://twitter.com/CW8900/status/1941367071864128002
After reaching the resistance, $XRP paused briefly. It is now consolidating again below the ATH. This recurring behavior historically precedes vertical breakouts. The current chart suggests that a move beyond $2.90 could open doors to extended targets at $6.618 and possibly $21.5.
Historical Market Patterns Reinforced by New Price Behavior
The chart reflects three main phases: accumulation, consolidation, and breakout. The current pattern aligns closely with the final phase, which has previously led to substantial price advances. In 2017, a similar structure delivered a multi-fold price increase following a breakout.
$XRP's current positioning confirms a pattern of compression followed by expansion. The weekly structure reveals market energy coiling below key resistance. This phase has marked the beginning of bullish trends in earlier cycles. All price movements remain consistent with the historical market behavior of $XRP.
The breakout that began in early 2025 fits into what is identified as Phase 4, often associated with aggressive upward momentum. If the pattern persists, a breach above the ATH could trigger a swift move to the projected price zones.
Institutional Capital Signals Confidence in $XRP
Growing institutional interest further strengthens the outlook. Amonyx (@amonbuy) reports that Amber International has raised $25.5 million from major investors, including Pantera Capital and CMAG Funds. The capital is part of a $100 million crypto reserve initiative.
https://twitter.com/amonbuy/status/1941385808159670546
Importantly, $XRP is included in the reserve, reflecting trust from institutions focused on blockchain infrastructure. As institutional players allocate capital into $XRP, confidence in the asset's long-term potential increases. The reserve’s focus on scalable projects aligns with $XRP’s utility profile.
With consistent technical formations and emerging institutional support, $XRP appears to be at a critical turning point.
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