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A new technical signal on the XRP chart is attracting traders’ attention after analysts identified a new green candlestick pattern that could signal the start of a larger bullish phase.
According to market analyst CW, a recent candlestick formation appeared on the higher time-frame charts, suggesting a reversal of momentum after a long period of consolidation.
The analyst noted that after the support sub-indicators confirm the bullish signal, XRP could enter what they describe as a “Phase 4 Rally”, which is historically the phase where price acceleration is most evident.
Based on previous market cycles and Fibonacci extension analysis, the expected upside target is around $21.5, which corresponds to the 6.618 Fibonacci level.
Traders are said to be saying that the current market structure of XRP looks like a volatile pressure, with the price squeezing in a narrow range before a sharp breakout. Such conditions often precede major directional moves as accumulated market pressure finally resolves.
 
The data on the chain also shows strong activity of large holders.
According to CryptoQuant, micro-transactions of XRP on major exchanges have increased in recent months. According to reports, Binance alone has recorded around 450 million XRP in large transfers over the past 10 days, indicating increased activity among high-value wallets.
Market data compiled by CoinMarketCap shows XRP trading near $1.41, up nearly 3% over the past 24 hours, slightly outperforming the broader crypto market. Part of the interest has come from the collaboration between Ripple and Mastercard to expand the use of blockchain technology for cross-border payments.
Technically, XRP is consolidating around the $1.38 to $1.41 range, where indicators like Bollinger Bands are strengthening, suggesting that volatility is intensifying.
If the asset finds support near the $1.39-$1.40 breakout zone, traders expect a short-term move to $1.44-$1.50. However, failure to hold this level could trigger a retracement to the $1.34-$1.37 area before any broader rally emerges.
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