XRP has shown a consistent pattern of strong bullish impulses followed by consolidation zones, and this rhythm has repeated multiple times on the weekly chart—signaling high confidence in pattern continuation.
Let's break it down
🔁 Repetitive Buying + Consolidation Patterns
📈 Breakout Confirmation & Trend Structure
Key Technical Levels
Take Profit Targets
TP1: $3.4157 – previous resistance and a strong psychological level.
TP2: $6.000 – projected top of current trend channel (green line), aligns with 131.59% upside from current level.
Risk-Reward: Over 5:1 R:R on this setup, extremely favorable for mid-to-long-term swing trades.
Bearish Invalidations
If the price closes significantly below $1.95 on the weekly, the current bullish thesis weakens, and price may retest deeper supports around $1.25 or below. But as long as the structure holds, bulls are in control.
📊 Trade Setup Summary
📥 Entry 2.10 – 2.50
🛑 Stop Loss 1.9500
🎯 Take Profit 1 3.4157
🎯 Take Profit 2 6.0000
⚖️ R:R Ratio 5.32x
The chart tells a powerful story—repeated buying, breakout confirmation, support holds, and continuation setup. XRP is positioning itself for a major move, with $6.00 potentially on the table by the end of 2025.
This is an ideal zone for swing traders and position traders who are comfortable with multi-month holding periods and high R:R setups.
Let's break it down
🔁 Repetitive Buying + Consolidation Patterns
- 19 Sep 2022: Strong buying candle triggered a short-term rally, followed by a multi-week consolidation period.
- 10 July 2023: Similar impulse move occurred—buying strength picked up, and then the price consolidated again.
- 4 Nov 2024: Most recent and strongest impulse—3 consecutive bullish candles that broke out of long-term descending resistance, confirming structural shift. This was again followed by consolidation—mirroring previous price behavior.
📈 Breakout Confirmation & Trend Structure
- Breakout of Descending Trendline (Red): XRP broke out of its long-term bearish trendline decisively, confirming a trend reversal.
- Support Zone Holding Firm (1.95 USDT): Price retraced slightly but respected the newly established support above 1.9500.
- Consolidation Above Breakout: Post-breakout consolidation is forming a bullish continuation pattern.
Key Technical Levels
- Entry Zone (Buy Area): Current zone between $2.10 and $2.50 (ideal accumulation zone for swing traders).
- Technical Stop Loss: $1.9500 – key level that has acted as both resistance and now flipped to support.
Take Profit Targets
TP1: $3.4157 – previous resistance and a strong psychological level.
TP2: $6.000 – projected top of current trend channel (green line), aligns with 131.59% upside from current level.
Risk-Reward: Over 5:1 R:R on this setup, extremely favorable for mid-to-long-term swing trades.
Bearish Invalidations
If the price closes significantly below $1.95 on the weekly, the current bullish thesis weakens, and price may retest deeper supports around $1.25 or below. But as long as the structure holds, bulls are in control.
📊 Trade Setup Summary
📥 Entry 2.10 – 2.50
🛑 Stop Loss 1.9500
🎯 Take Profit 1 3.4157
🎯 Take Profit 2 6.0000
⚖️ R:R Ratio 5.32x
The chart tells a powerful story—repeated buying, breakout confirmation, support holds, and continuation setup. XRP is positioning itself for a major move, with $6.00 potentially on the table by the end of 2025.
This is an ideal zone for swing traders and position traders who are comfortable with multi-month holding periods and high R:R setups.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade forex, indices, stocks and metals with up to US$100.000 in company's funding.
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.