XRP builds pressure on: 200-day consolidation can lead to the ultimate bullrun
- The 200-day consolidation and the symmetrical triangle of XRP indicate an eruptive outbreak to $ 3.70 to $ 10.
- But the negative inverse cup and handle pattern and the decreasing sales warn of a possible relapse to the level of support at $ 1.33.
After almost 200 trading days, XRP has entered a crucial phase within a tight span of between $ 1.90 and $ 2.90. The extensive consolidation followed the 500% increase in November 24 and signals a market that is shaken by the competitive forces of the optimists and pessimists and that is what he can do best – volatile.
Although XRP is approaching the end of this price compression, technical analysts and market observers are still shared of the next direction of the token. Historical price patterns and fractal analyzes from previous market cycles indicate the possibility of a significant outbreak, although negative scenarios also warn of downward risks.
The current course of XRP has formed a symmetrical triangle, a chart pattern that is often considered neutral but can lead to strong movements as soon as it is dissolved. The formation is very similar to the structure that the dramatic rally of XRP preceded in 2017 when the token rose by about $ 1,300% to $ 3.40.
Analyst Mikybull Crypto noticed the striking similarities between the current triangle and the 2017 setup, which suggests repeating the great outbreak when one is one of the optimists.
I HAVE SEEN THIS MOVIE BEFORE
2017 UPCOMING RALLY VIBES
pic.twitter.com/5joFCPyViK
— Mikybull
Crypto (@MikybullCrypto) June 16, 2025
If you measure the tip of the triangle with its base, there is an outbreak goal near $ 3.70, which promises a profit of 75 % compared to the current level. Analyst GalaxyBTC even points to a long -term fractal on the weekly chart of XRP, which extends over almost seven years of consolidation, so it is about twice as long as the upward movement from 2014 to 2017. If this fractal had existed, the next high of XRP can be between $ 8 and $ 10.
This is interesting.$XRP almost perfectly follows the breakout pattern of 2017 after 6 years of consolidation.
The longer the consolidation, the bigger the price move they say. Also worth noting that 6 years in crypto are like 60 years in real life.
It should be good. pic.twitter.com/qHsmsr2qZ3
— Galaxy (@galaxyBTC) May 20, 2025
In addition to these fractal-based goals, some analysts include Fibonacci retracement levels and expected regulatory developments, such as ETFs, to get even higher ratings. These scenarios provide for XRP to achieve a value of $ 25 or more, driven by a new institutional interest and a wider market acceptance.
Baisse signals contradict optimism
Despite these optimistic forecasts, other chart patterns warn for caution. XRP seems to form an inverted cup and handle pattern, a reversal formation that often signals a downward dynamics. This pattern has developed after XRP had reached its high at $ 2.90 in March and has been rounded off since then and broken under the short -term level of support.
Should this bear structure be confirmed, this could lead to XRP testing the 0.382-fibonacci retracement at $ 1.33. This level previously served as a resistance during the XRP correction from 2021 and is now a critical support point. A decline in this area would mark a significant retracement of the latest highs and could question optimistic forecasts.
Market activity indicates the hesitation of investors
The price of XRP recently fell below $ 2.15 and recorded a decrease of 0.97 %within 24 hours. This was accompanied by a similar decline in market capitalization to around $ 126.81 billion, which takes XRP to fourth place in the ranking of cryptocurrencies according to the market value. The trading volume shrank by 33.7 % to $ 3.17 billion, which indicates a lower participation and increased caution of the market participants.
The ratio of sales and market capitalization is 2.51 %, which indicates lower liquidity compared to the times of higher activity. The intraday course movements show volatility with recreational recovery, but there is a lack of sustainable buying pressure in order to bring the course upwards.
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