The outlook for XRP remains mired in ongoing uncertainty, according to the latest analysis. While long-term base building points to sizable breakout potential, bulls must still navigate significant near-term risks and resistance levels before confirming trend sustainability.
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Multi-Year Rangebound Action Converging
According to veteran trader Dom, XRP has traded largely directionless for 500 days now, stuck between key technical levels:
“XRP long term update 500 days of higher lows and lower highs $0.45 is the bottom trend, $0.65 is top trend ~4 more months until it ends. This will be a VERY large move. Looking super weak the last few weeks.”
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Show more +With the prolonged consolidation approaching its apex limit, expectations stand for an explosive move once the range breaks. However, near-term momentum remains bearishly biased.
Upside Attempts Require 200-MA Reclaim
Indeed, analysis by altFINS shows XRP still struggling beneath its vital 200-day moving average after violating this long-term trend indicator. Only a decisive breakback above $0.60 can begin repairing recent technical damage.
Source: altFINS – Start using it today
That said, trader World of Charts highlights XRP coiling positively in a falling wedge pattern. A bullish upside resolution could set the stage for 75–80 cent retests. But absent a breakout, risks remain skewed lower, according to the data.
So in essence, while multi-month consolidation patterns signal gathering energy for an impending parabolic move, directional uncertainty persists.
The 200-day moving average around $0.60 stands guard as the pivotal hurdle for XRP bulls; reclaiming it could unlock Dom’s ambitious targets. Otherwise, bears maintain the upper hand for now, but climax selloff risks mount if weakness persists.
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