XRP Breakout Alert: Rare Fulcrum Pattern Signals Bullish Surge

XRP is making waves in the cryptocurrency market as a rare chart formation hints at a potential bullish breakout. According to renowned trading expert Peter Brandt, the digital asset has recently exhibited a highly uncommon technical setup that could propel it toward a notable upswing.

Brandt has identified what he describes as a “compound fulcrum” in XRP’s chart structure. This rare pattern often emerges at pivotal market turning points and indicates a strong possibility of an upward continuation. The formation follows a prolonged downtrend and a false breakout earlier this year, creating the right conditions for a dramatic trend reversal.

The compound fulcrum, as explained by Brandt, is a complex technical formation that typically resembles a head and shoulders top but manifests only after a market experiences an extended period of declining value. In XRP’s case, this pattern might indicate the bottom has been reached and that the asset is preparing for a powerful rebound.

Brandt’s outlook remains optimistic, provided that XRP holds its ground above the recent weekly low. He emphasizes that if the price sustains levels above this support zone, the compound fulcrum remains valid. The potential price target from this setup is $4.40, representing a substantial 58% increase from current trading levels.

XRP, which already saw a 25% surge recently, appears to be gaining momentum as technical indicators align with market sentiment. In his recent post, Brandt stated, “Unless XRP drops below this week’s low, I see this as a rare compound fulcrum setup.”

What’s intriguing about this development is Brandt’s shift in tone. Earlier this year, he expressed a bearish view on XRP due to a false breakout that initially signaled a bearish head and shoulders pattern. However, those fears were quickly dismissed when the pattern was invalidated, and XRP rebounded, proving the setup false.

Brandt noted that chart patterns evolve over time and that a failed pattern can actually carry more weight than a completed one. He referenced the April setup as an example, where a supposed head and shoulders top never played out and was negated within the same trading day. According to him, the failure of the bearish setup revealed strength in XRP rather than weakness.

This evolution in market patterns highlights the fluid nature of technical analysis. As Brandt explains, “Charts morph—they can shift from implying one outcome to another.” His latest interpretation is firmly bullish, with XRP now heading toward a favorable trajectory if current support levels hold.

The growing optimism around XRP also aligns with wider developments in the Ripple ecosystem. Although technical patterns don’t rely on fundamentals, sentiment around Ripple’s innovations and XRP’s utility in cross-border payment systems continues to support its long-term potential.

For now, all eyes remain on XRP’s short-term support zone. A close above these levels would fortify Brandt’s forecast, potentially igniting a strong move toward the $4.40 target. Traders watching XRP will want to keep a close eye on market behavior over the coming sessions, especially as more analysts begin to take note of the rare fulcrum pattern’s implications.

In conclusion, XRP may be on the verge of a significant shift. With a highly rare technical indicator in play and market momentum gathering, the digital asset could soon break into a new phase of upward movement. If proven correct, Peter Brandt’s analysis could mark one of the most powerful bullish reversals in recent XRP history.

Related: XRP Price: $12M Max Pain for Bears

Image source: $XRP-UST, Courtesy: @PeterLBrandt