Crypto analyst Block Bull has issued a high-stakes outlook for
$XRP , warning that the popular asset is approaching a technical "apex" that could result in explosive price action. Whether you're a long-term holder or a day trader, this structural convergence is one to watch closely.
📉 The Warning: "This Crash Will Happen Fast"
Despite the long-term bullish potential, Block Bull didn't mince words about the immediate risk. The analyst noted that a sharp decline could occur before the final breakout.
The Structure: XRP is currently squeezed between a descending resistance line and a rising support line.
The Risk: A potential downside move of 40.55% is on the table if the current support fails to hold during this final compression phase.
The Speed: Block Bull emphasizes that once the price exits this "apex," the move—whether up or down—will be incredibly rapid.
🌌 The Moon Mission: Detonation into the Stratosphere
The primary takeaway from the weekly chart analysis is the build-up of multi-year liquidity. Once the price clears the narrowing structure:
Volatility Spike: Expect sharp, vertical movement rather than a gradual climb.
The Apex Target: We are running out of "sideways" room. The intersection of these trendlines forces a decision from the market.
Historical Context: This formation mirrors "late-stage compression" often seen before major bull runs in previous cycles.
📊 Current Market Performance
While the charts look primed for a future move, XRP has faced recent headwinds:
Short-term Weakness: Recent data shows XRP as a top decliner among the top 100 assets over the last 24 hours.
Structural Integrity: Despite the dip, it is still maintaining its long-term ascending support—a "rare" occurrence according to market observers like Jamie Williams.
💡 The Takeaway: XRP is essentially a coiled spring. While the "apex" suggests a massive expansion is coming, the path there might involve a "fast crash" to shake out weak hands first.
What’s your move? Are you accumulating at the apex or waiting for the breakout? 👇
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