- XRP chart reveals rare multi year structure drawing renewed market attention
- Analyst highlights triple bottom pattern shaping XRP long term outlook
- Technical structure places focus on support, resistance, and long term price behavior
Crypto market analyst EGRAG CRYPTO has shared a fresh technical update highlighting a rare long term structure forming on XRP’s chart. The analysis, published on X, outlines a triple bottom pattern that could shape XRP’s broader price direction against the U.S. dollar, drawing attention due to its scale and placement within a multi-year trading range.
In the update, the analyst explains that XRP has repeatedly defended a major support zone, suggesting sustained accumulation below long-standing resistance, while according to EGRAG CRYPTO, the pattern reflects extended market stabilization rather than short-term speculative activity. This interpretation places emphasis on broader price behavior instead of near term volatility.
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Market participants have focused on the extended timeframe of the formation, as this structure spans several years of price data, unlike patterns that form over shorter periods. Consequently, the analysis prioritizes structural strength over momentum-driven movement, with the chart also showing higher lows within internal price channels and XRP trading above key long-term moving averages.
Broader Market Context and Technical Implications
Midway through the analysis, attention shifts toward projected ranges rather than fixed targets. The upward projection shown stems from measured moves tied to the height of the triple bottom structure. Fibonacci extension levels such as 1.272 and 1.618 appear as reference zones rather than guarantees. According to EGRAG CRYPTO, these levels illustrate potential pathways if the structure continues to hold.
Besides the structural setup, the chart also outlines a defined upside projection tied to the pattern’s measured move. The projected range extends from $9.28 to $31.65, based on the height of the triple bottom structure. These levels are derived from Fibonacci extension zones marked directly on the chart. The projection reflects potential price expansion if XRP maintains strength above the highlighted resistance area.
Notably, the discussion arrives amid growing interest in XRP’s long-term positioning within the digital asset market. Broader sentiment increasingly favors macro structures over short-lived volatility. As a result, this analysis highlights a shift toward disciplined, structure-based evaluation across the sector.
XRP’s price structure continues to develop as traders monitor critical levels closely. The ongoing interaction between support and resistance remains central to how the pattern unfolds over time.
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