đ¨ CAN XRP REALLY REACH $70? THE CHART PATTERN TRADERS ARE WATCHING
XRP has spent months moving sideways and while that bores some traders, others see something very familiar. đ
Long consolidation phases have appeared in XRPâs history before major breakouts. The idea is simple: quiet price action can build pressure. When momentum finally returns, the move can be sharp and fast.
But history doesnât repeat perfectly it rhymes.
𧹠A Long Base Is Forming
On higher timeframes, XRP looks like itâs building a wide range after previous explosive cycles. In the past, similar structures acted as accumulation zones before price pushed far beyond old highs.
This consolidation has lasted longer than many expected. Some analysts believe that extended compression could fuel a stronger expansion later like a spring being pushed down. The longer the coil, the more powerful the release⌠if buyers step in. âĄ
đŻ Where Do Big Targets Come From?
If XRP followed the magnitude of earlier cycle expansions, projections around $10â$11 start to make technical sense based on range breakout measurements.
The much bigger number $70 comes from more aggressive, long-term scenarios. Those assume major global adoption, large-scale utility growth, and strong macro conditions. Itâs not impossible, but it would require market cap growth far beyond previous peaks. đ§
đ Watch for Volatility First
Before true breakouts, markets often perform a support retest to shake out weak hands. XRP could still move unpredictably within its range before any clear trend emerges.
đ§ Bottom Line
Right now, XRP isnât running â itâs compressing.
Thatâs a setup, not a signal. Real confirmation only happens when price breaks structure with strong volume. Until then, patience matters more than predictions.
