XRP Analysis: Potential Upside Movement Within Wyckoff Re-accumulation Schematic Market strategist Steph (highlighted) the current crypto market condition in his latest XRP analysis. XRP and the Wyckoff Re-accumulation Pattern Analysis of the daily XRP chart confirms that the altcoin is trading within this pattern.
XRP Analysis: Potential Upside Movement Within Wyckoff Re-accumulation Schematic
Market strategist Steph (highlighted) the current crypto market condition in his latest XRP analysis.
XRP and the Wyckoff Re-accumulation Pattern
Analysis of the daily XRP chart confirms that the altcoin is trading within this pattern. According to Steph, this phase commenced in late 2024, spurred by the uptrend initiated by Donald Trump’s re-election.
Steph suggests that, during this re-accumulation pattern, the market is essentially eliminating weaker holders before the next upward surge.
However, XRP faces possible disruption of this structure under current market pressures, especially if bearish momentum escalates.
Nevertheless, the market analyst expresses confidence in a likely upward breakout. He states, “As long as we don’t close any weekly candles or monthly candles below the support, I’m still extremely bullish and I’m focused on the upside.”
Anticipating the Breakout
The strategist further notes that XRP has progressed through its consolidation phase and might be nearing the end of the schematic.
The suggested timing for this breakout aligns with XRP breaching a daily candle close above $2.9, marking a definitive bullish confirmation.
Thus, a broader market rally is necessary for XRP to achieve this breakout. Currently, XRP trades at $2.31.
Related: $2.3 Trillion Liquidity Shock: Franklin Templeton Says XRP Is Next in Line for Massive Inflows
Quick Summary
XRP Analysis: Potential Upside Movement Within Wyckoff Re-accumulation Schematic Market strategist Steph (highlighted) the current crypto market condition in his latest XRP analysis. XRP and the Wyckoff Re-accumulation Pattern Analysis of the daily XRP chart confirms that the altcoin is trading within this pattern.
Source
Information sourced from official Ripple publications, institutional research, regulatory documentation and reputable crypto news outlets.
Author
Ripple Van Winkle is a cryptocurrency analyst and founder of XRP Right Now. He has been active in the crypto space for over 8 years and has generated more than 25 million views across YouTube covering XRP daily.
Editorial Note
Opinions are the author's alone and for informational purposes only. This publication does not provide investment advice.
