$BTC
This development can inject fresh liquidity and institutional interest into the market, helping to catalyze the previously projected technical breakouts.
XRP charts resemble a classic Wyckoff reaccumulation pattern.
The ongoing consolidation phase of XRP resembles a classic Wyckoff reaccumulation pattern, according to technical analyst Charting Guy.
The Wyckoff reaccumulation pattern is a mid-cycle structure that often precedes the next leg of a broader bullish trend. It suggests that smart money is absorbing supply during the cooling phase, setting the stage for a potential breakout.
XRP established support and began consolidating in late 2024, marking phases A and B of the Wyckoff reaccumulation pattern. In early April 2025, the price formed a "Spring" followed by a successful "Test," signaling the exhaustion of sellers.
