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Price XRP It is again in the center of attention, because the up-to-date technical analysis indicates that the cryptocurrency can be on the edge A significant price explosion up to USD 5.9 and more. According to this forecast, the last behavior of XRP is not a sign of weakness, but rather a period of strategic consolidation, which builds the momentum of another vast growth.
Consolidation phase in the field of price explosion XRP
Master Ananda, cryptographic analyst at TradingView, released Detailed XRP analysis on May 15. The analysis emphasizes the current price of cryptocurrencies and provides it Next stubborn movement. Starting from the historical maintenance of prices, the analysis emphasizes the powerful rally, which took place in 2024, especially around November and December, when the XRP printed long green candles, which indicated a powerful rush.
After reaching the height, XRP entered the consolidation phaseduring which the price action formed a pattern reminiscent of a symmetrical triangle or wedge. It is marked with red intermittent lines on the chart, showing the indecision of the market as The price has been suppressed.
Master Ananda revealed that after that Triangle formationXRP broke out around April 7, 2025 – date marked as a potential inflection point in the cryptocurrency market cycle. Since then, weekly candles are consistently closed in green, which indicates the renewal stubborn rush.
ADDING TO MASTER ANANDY’S stubborn case of XRP price These are retake and levels of Fibonacci elongation taken from the previous main swing high until a recent low level. These levels lend a hand identify the potential resistance and target zones for the next leg.
In particular, the levels of discharge were marked around USD 2.05 (0.236 FIB), USD 2.39 (0.382 FIB) and USD 2.71 (0.618 FIB), and ended with the previous highest level of USD 3.40. The potential goals of the Fibonact extension project are $ 4.50 (1.618 FIB), and the highest level is USD 6.29 (2.618 FIB).
Currently, the trajectory of the curved green arrow on the chart has a more likely target price of around USD 5.9. However, XRP will still have to exceed the above -mentioned levels of terms and resistance at USD 4.5 to reach this level. The general amount of this analysis is that XRP is Printing powerful -based signalsAnd his current consolidation is seen as a precursor of further growth.
Resource approaches create or interrupt zone
XRP enters the decisive phase as a crypto cryptographic analyst predicts Direct breakthrough with Narrow consolidation rangein which cryptocurrency has been trading for months. The chart of the analyst shows the purple zone, which he described as a “Pandora box”. This zone is a critical range of prices acting both as resistance and support, effectively stopping the price.
EGRAG Crypto emphasizes that breaking above or below this range can lithe up high variability and a significant shoot for XRP. It is expected to be defined as a key moment when vast movements will take place, probably explosive.
A distinguished picture from Getty Images, chart from TradingView.com
