XRP’s extended consolidation concludes as market structure points to a new era

crypthub

1 day ago

Market Shift and Breakout

XRP has moved from years of consolidation into a new expansion cycle. Recent price action shows a breakout from a seven‑year double‑bottom pattern, confirming that long‑term sell pressure has faded. Analysts Amonyx and Gert van Lagen point to the weekly chart where the price crossed the neckline, indicating buyer control. The prolonged base stored energy likely to fuel a strong directional move.

Momentum and Trend Confirmation

Higher‑timeframe momentum indicators have turned positive, supporting the breakout as genuine rather than a false rally. Price has stayed above former resistance without retesting lower levels, a sign of market conviction. Amonyx notes that the market’s behavior reflects confidence and sustained upward pressure.

Historical Comparison and Outlook

Van Lagen compares the current pattern to the 2014‑2017 cycle, using Fibonacci extensions to project a target around $34. The projection relies on macro‑cycle symmetry, not short‑term hype. With the seven‑year base completed, XRP could enter its most significant growth phase in years if momentum holds, though short‑term volatility remains possible.