This chart illustrates a replication of XRP’s previous bullish move, with key price action and structure aligning closely with historical behavior. Here's the breakdown:
Accumulation Phase:
XRP consolidated between the $1.90–$2.20 range. This zone acted as a monthly bullish fair value gap (FVG), serving as a springboard for accumulation before the breakout.
Massive Breakout:
A large impulsive move occurred just before July 14, 2025, coinciding with the anticipated go-live of ISO 20022 standards, which many believe could support utility tokens like XRP.
Market Replication:
The breakout structure is mirroring a previous bullish cycle, highlighted by the labeled replication arrows on the left side of the chart. This pattern confirmation supports the projection of a move toward $9.99–$10, aligning with a key liquidity target and psychological round number.
Targets and Gaps:
Price is shown aggressively pushing through bearish FVGs and reaching above previous highs, suggesting that liquidity above $10 could be the next target. The $9.99 level is marked as a clear draw on liquidity.
Accumulation Phase:
XRP consolidated between the $1.90–$2.20 range. This zone acted as a monthly bullish fair value gap (FVG), serving as a springboard for accumulation before the breakout.
Massive Breakout:
A large impulsive move occurred just before July 14, 2025, coinciding with the anticipated go-live of ISO 20022 standards, which many believe could support utility tokens like XRP.
Market Replication:
The breakout structure is mirroring a previous bullish cycle, highlighted by the labeled replication arrows on the left side of the chart. This pattern confirmation supports the projection of a move toward $9.99–$10, aligning with a key liquidity target and psychological round number.
Targets and Gaps:
Price is shown aggressively pushing through bearish FVGs and reaching above previous highs, suggesting that liquidity above $10 could be the next target. The $9.99 level is marked as a clear draw on liquidity.
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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.