Analyst Says One Violent XRP Price Rally Is Coming. Here’s the Signal
His recent post carried a firm warning: “One violent move is coming.” He believes XRP is coiling for a breakout and added that bears won’t see it coming. He shared a chart to support his stance on its future.
The Chart Setup
XRP is trading on the 4-hour timeframe, currently near $1.4940. The chart shows a compression pattern. XRP has been tightening between converging trendlines, a setup that typically precedes a sharp directional move.
Two sets of trendlines are visible. A descending red channel runs from the September highs. A rising green trendline pushes up from the lows made around mid-September, near the $1.22 range. These two channels now intersect, with XRP sitting right at that intersection point.
Key Details
The Structure Lite indicator on the chart has marked two Break of Structure events. One BOS label appears in orange, signaling a bearish break. A second BOS appears in blue, marking a bullish structural shift that followed. That bullish BOS came after the asset recovered from the September lows and pushed back above key levels.
The current price action shows consolidation above the $1.46 area. The chart has a horizontal teal support line running from early September, holding around $1.32. Price bounced hard off that level and has since built a base above $1.44.
What This Means for XRP
The converging trendlines create a technical squeeze. As the channels tighten, the price has less room to move without committing to a direction. Xaif’s post suggests the move favors the upside, with XRP coiling for a big move that could catch bears off guard.
As long as XRP respects the lower boundary, bulls retain the advantage. A clean breakout from current levels would confirm the move. The area to watch sits between $1.50 and $1.55, where the red channel’s upper boundary converges with prior resistance from late September.
Community Reaction
The consensus is clear. Traders are positioned and watching.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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