Is $XRP Approaching a Key Accumulation Area? Technical Perspective
The $XRP chart shows a bullish shift on higher timeframes after breaking out from a long-term descending wedge pattern that lasted several years.
Currently, price is consolidating in the $1.00 – $1.50 range, which some analysts view as a potential re-accumulation zone before any continuation move. A deeper pullback toward $0.70 – $0.80 could occur if liquidity is swept lower — something worth monitoring on the charts.
Higher timeframe structure still looks constructive to many technicians, which could support further upside if momentum builds. Common community discussion points include possible extension levels around $3–$5 or higher in a strong bull scenario — but these are speculative and depend on many factors (market conditions, news, volume, etc.).
Key levels to watch:
- Support: ~$1.00–$1.30 area (a weekly close below could shift the outlook bearish)
- Potential upside discussion zones: $3.50, $5.00, and beyond (purely hypothetical based on fib extensions / prior structure)
This is not financial advice — just sharing chart observations and common interpretations in the community. Crypto markets are highly volatile; always do your own research (DYOR) and consider your risk tolerance.
What are your thoughts on $XRP's current structure? Bullish continuation or more consolidation ahead?