XRP Poised for Major Breakout After 400-Day Consolidation
XRP has been trading in a long rectangular reaccumulation range for about 400 days, forming a classic bull flag pattern. According to analyst ChartNerd, this extended consolidation above key support could precede XRP’s most powerful rally in nearly eight years.
The structure suggests disciplined accumulation, with price holding firmly above the lower boundary. If support remains intact and resistance is broken, technical projections point to a potential double-digit move, with targets near the $20+ zone.
Historically, XRP has shown explosive upside after long periods of sideways movement. With volatility compressed and the pattern nearing resolution, traders are watching closely for a breakout that could mark the start of a major new uptrend.
