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XRP Charts Telling A Tale: Q4 Setup Mirrors 2017 Bullish Breakout, Time To Buy?
XRP may be quietly setting the stage for another major breakout. Recent chart patterns and market behavior show striking similarities to its 2017 accumulation phase, a period that preceded a massive parabolic rally. As Q4 unfolds, technical indicators and Bitcoin dominance data hint that the long-awaited bullish setup could still be in play. Q4 Move Still Possible: XRPâs Bullish Potential Isnât Gone Yet Crypto analyst CoinsKid recently shared an update confirming that the highly anticipated Q4 move for XRP is still a potential option. This optimistic outlook is heavily underpinned by the current data observed on the Bitcoin Dominance (BTC.D) chart, which the analyst views as a crucial barometer for altcoin performance. If BTC.D shows weakness, capital typically flows into assets like XRP, supporting the potential for a significant surge in the coming months. Related Reading: XRP Open Interest Crashes 50% Over The Weekend, What Does This Mean For Price? However, CoinsKid pointed out that the recent loss of the $1.90 low last Friday introduced what he described as a structural anomaly into the equation. This development adds a layer of uncertainty to XRPâs short-term outlook, even as the broader setup continues to show potential. He further explained that for this bullish scenario to remain valid, Bitcoin dominance must stay below its 5-day resistance level on the CoinskidRibbon. At the same time, XRP needs to hold above its own 5-day CoinskidRibbon as support. Wyckoff Blueprint In Motion: XRP Mirrors Its 2017 Setup Eá´Ęá´ĘNá´ęąĘá´É´á´L, in a recent update, highlighted that XRP is currently positioned within a major accumulation area, signaling that a crucial phase may be unfolding for the asset. According to the analyst, the current market structure strongly mirrors the early stages of a Wyckoff accumulation pattern, a technical formation that often precedes large-scale bullish movements. Related Reading: XRP Bull Run Reloaded: Analyst Says Momentum Mirrors 2017âs Explosive Rally The Wyckoff method identifies this accumulation phase as a period where smart money quietly builds positions while the price remains range-bound. This typically occurs after extended declines, setting the stage for a powerful reversal once the market confirms strength. From a technical perspective, this accumulation structure indicates growing pressure beneath key support zones, which often leads to a strong bullish cycle once a breakout occurs. The repeated testing of support levels, combined with diminishing selling volume, strengthens the case for a potential upside breakout in the near term. Eá´Ęá´ĘNá´ęąĘá´É´á´L also drew parallels to XRPâs behavior in the 2017 cycle, when a similar accumulation phase preceded one of the assetâs most explosive rallies, with XRP climbing all the way to the distribution zone, where profits were eventually taken. If history repeats, the altcoin could once again be on the verge of a powerful upward run. Featured image from iStock, chart from Tradingview.com
Analyst Says Be Concerned About XRP Price When This Starts Happening To 3-Day Candles
The XRP price has been exhibiting a complex pattern of consolidation and retracement for weeks. However, according to prominent market analyst Egrag Crypto, thereâs a critical signal to watch for that could determine whether the cryptocurrencyâs bullish narrative remains intact or not. The expertâs analysis, shared on X social media, highlights that the behaviour of XRPâs 3-day candles could soon decide the direction of its next major move. XRP Price Integrity Hinges On 3-Day Candle Closes Below $2 In his post on X, Egrag Crypto explains the âmeasured move breakdownâ for XRP, identifying a key technical formation in the form of a descending triangle that, based on its structure, points to a potential move toward $2.14. The accompanying chart shows XRP hovering between $2.40 and $2.60, with multiple retests of the same price levels over the past few months. Despite the brief wick to the downside, Egrag Crypto suggests that the structure continues to indicate consolidation within the range. Related Reading: Hereâs How High The XRP Price Would Be With The Market Cap Of Bitcoin The analyst reiterates that $2.65 remains a critical price target for XRP. If the cryptocurrency breaks and sustains above it, he predicts that it could regain upward momentum, potentially paving the way for renewed bullish sentiment. However, failure to hold current levels around $2.5 might expose XRP to deeper retracements, particularly if 3-day candles start closing below the $2.00 to $1.91 range. Egrag Crypto warns that this specific candle behaviour is concerning, as it could signal a structural breakdown of XRPâs market cycle. It could also invalidate his bullish thesis, suggesting that the recent peak near $3.65 may have been the cycle top. Additionally, the analystâs chart shows XRPâs price action hovering above the 200 Exponential Moving Average (EMA), serving as a long-term support level. Should XRP maintain its position above this moving average, Egrag Crypto asserts that the cryptocurrencyâs bullish setup remains valid. He noted that the next 60 to 90 days are expected to be crucial, as XRPâs reaction around the levels mentioned above could define the trajectory of the rest of the year. XRP Faces 57% Chance Of Breaking To A New ATH In a separate analysis, Egrag Crypto introduced a 57% to 43% probability model, sharing his broader perspective on XRPâs potential price direction in the short term. He stated that there is a 57% probability that XRP could break into a new all-time high in the coming months. He also sees a 43% chance that the cryptocurrency could decline significantly, offering traders another opportunity to accumulate it at a price below $1. Related Reading: Market Strategist: What You Should Expect For The XRP Next Leg While the probabilities of XRPâs near-term price favor a more bullish outcome, the bearish case remains plausible given the lingering macroeconomic uncertainty and overall crypto market volatility. Egrag Crypto notes that he is personally positioning himself toward the bullish scenario, aligning his expectations with the 57% chance of a major price breakout. Featured image from iStock, chart from Tradingview.com
XRP Charts Telling A Tale: Q4 Setup Mirrors 2017 Bullish Breakout, Time To Buy?
XRP may be quietly setting the stage for another major breakout. Recent chart patterns and market behavior show striking similarities to its 2017 accumulation phase, a period that preceded a massive parabolic rally. As Q4 unfolds, technical indicators and Bitcoin dominance data hint that the long-awaited bullish setup could still be in play. Q4 Move Still Possible: XRPâs Bullish Potential Isnât Gone Yet Crypto analyst CoinsKid recently shared an update confirming that the highly anticipated Q4 move for XRP is still a potential option. This optimistic outlook is heavily underpinned by the current data observed on the Bitcoin Dominance (BTC.D) chart, which the analyst views as a crucial barometer for altcoin performance. If BTC.D shows weakness, capital typically flows into assets like XRP, supporting the potential for a significant surge in the coming months. Related Reading: XRP Open Interest Crashes 50% Over The Weekend, What Does This Mean For Price? However, CoinsKid pointed out that the recent loss of the $1.90 low last Friday introduced what he described as a structural anomaly into the equation. This development adds a layer of uncertainty to XRPâs short-term outlook, even as the broader setup continues to show potential. He further explained that for this bullish scenario to remain valid, Bitcoin dominance must stay below its 5-day resistance level on the CoinskidRibbon. At the same time, XRP needs to hold above its own 5-day CoinskidRibbon as support. Wyckoff Blueprint In Motion: XRP Mirrors Its 2017 Setup Eá´Ęá´ĘNá´ęąĘá´É´á´L, in a recent update, highlighted that XRP is currently positioned within a major accumulation area, signaling that a crucial phase may be unfolding for the asset. According to the analyst, the current market structure strongly mirrors the early stages of a Wyckoff accumulation pattern, a technical formation that often precedes large-scale bullish movements. Related Reading: XRP Bull Run Reloaded: Analyst Says Momentum Mirrors 2017âs Explosive Rally The Wyckoff method identifies this accumulation phase as a period where smart money quietly builds positions while the price remains range-bound. This typically occurs after extended declines, setting the stage for a powerful reversal once the market confirms strength. From a technical perspective, this accumulation structure indicates growing pressure beneath key support zones, which often leads to a strong bullish cycle once a breakout occurs. The repeated testing of support levels, combined with diminishing selling volume, strengthens the case for a potential upside breakout in the near term. Eá´Ęá´ĘNá´ęąĘá´É´á´L also drew parallels to XRPâs behavior in the 2017 cycle, when a similar accumulation phase preceded one of the assetâs most explosive rallies, with XRP climbing all the way to the distribution zone, where profits were eventually taken. If history repeats, the altcoin could once again be on the verge of a powerful upward run. Featured image from iStock, chart from Tradingview.com
Analyst Says Be Concerned About XRP Price When This Starts Happening To 3-Day Candles
The XRP price has been exhibiting a complex pattern of consolidation and retracement for weeks. However, according to prominent market analyst Egrag Crypto, thereâs a critical signal to watch for that could determine whether the cryptocurrencyâs bullish narrative remains intact or not. The expertâs analysis, shared on X social media, highlights that the behaviour of XRPâs 3-day candles could soon decide the direction of its next major move. XRP Price Integrity Hinges On 3-Day Candle Closes Below $2 In his post on X, Egrag Crypto explains the âmeasured move breakdownâ for XRP, identifying a key technical formation in the form of a descending triangle that, based on its structure, points to a potential move toward $2.14. The accompanying chart shows XRP hovering between $2.40 and $2.60, with multiple retests of the same price levels over the past few months. Despite the brief wick to the downside, Egrag Crypto suggests that the structure continues to indicate consolidation within the range. Related Reading: Hereâs How High The XRP Price Would Be With The Market Cap Of Bitcoin The analyst reiterates that $2.65 remains a critical price target for XRP. If the cryptocurrency breaks and sustains above it, he predicts that it could regain upward momentum, potentially paving the way for renewed bullish sentiment. However, failure to hold current levels around $2.5 might expose XRP to deeper retracements, particularly if 3-day candles start closing below the $2.00 to $1.91 range. Egrag Crypto warns that this specific candle behaviour is concerning, as it could signal a structural breakdown of XRPâs market cycle. It could also invalidate his bullish thesis, suggesting that the recent peak near $3.65 may have been the cycle top. Additionally, the analystâs chart shows XRPâs price action hovering above the 200 Exponential Moving Average (EMA), serving as a long-term support level. Should XRP maintain its position above this moving average, Egrag Crypto asserts that the cryptocurrencyâs bullish setup remains valid. He noted that the next 60 to 90 days are expected to be crucial, as XRPâs reaction around the levels mentioned above could define the trajectory of the rest of the year. XRP Faces 57% Chance Of Breaking To A New ATH In a separate analysis, Egrag Crypto introduced a 57% to 43% probability model, sharing his broader perspective on XRPâs potential price direction in the short term. He stated that there is a 57% probability that XRP could break into a new all-time high in the coming months. He also sees a 43% chance that the cryptocurrency could decline significantly, offering traders another opportunity to accumulate it at a price below $1. Related Reading: Market Strategist: What You Should Expect For The XRP Next Leg While the probabilities of XRPâs near-term price favor a more bullish outcome, the bearish case remains plausible given the lingering macroeconomic uncertainty and overall crypto market volatility. Egrag Crypto notes that he is personally positioning himself toward the bullish scenario, aligning his expectations with the 57% chance of a major price breakout. Featured image from iStock, chart from Tradingview.com