- XRP trades quietly within $60B to $200B range
- Analyst projects $589B breakout after extended consolidation phase
- More sideways action expected before potential $9 target
XRP’s market structure has come back into focus after a crypto analyst outlined a prolonged consolidation phase that could test investor patience. In a recent post on X, market commentator Hailey LUNC shared a long-term market cap chart showing XRP trading within a defined accumulation range between $60B and $200B.
According to her assessment, this extended period of compression may result in several quiet months before a breakout potentially pushes valuation toward significantly higher levels.
Multi-Year Triangle Structure Signals Compression Toward $589B Scenario
Hailey’s chart highlights a multi-year symmetrical triangle formation that has developed across previous market cycles. An ascending support trendline connects historical lows over several years. Meanwhile, a descending resistance line caps lower highs formed since the 2018 peak. As a result, XRP appears to be tightening within a narrowing price structure.
According to her, the current phase reflects controlled accumulation rather than structural weakness. She indicated that market makers may continue maintaining range-bound conditions while liquidity builds inside the defined band. Consequently, traders anticipating immediate upside momentum could experience extended sideways movement.
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Notably, the projected breakout target stands near a $589B market capitalization. Based on the circulating supply levels, that valuation would translate into a price range between $9 and $10 per XRP. However, achieving that level would likely require sustained participation across the broader digital asset market.
Long-Term Compression Signals Potential Expansion Phase
The broader formation signals declining volatility as the price approaches the apex of the triangle. Historically, extended compression on higher timeframes has preceded sharp directional moves once resistance breaks. Moreover, the relative strength index shown on the chart remains within neutral territory. That positioning suggests momentum has not reached overheated conditions.
XRP previously reached a market cap peak near $130B during the last major cycle. Therefore, a climb toward $589B would represent a substantial expansion beyond prior highs. Additionally, broader factors such as Bitcoin strength and improved liquidity could influence timing.
At present, XRP continues trading within the $60B to $200B accumulation zone. Meanwhile, the tightening structure keeps attention on the descending resistance level for confirmation.
The broader structure suggests extended consolidation may precede a significant expansion phase if multi-year resistance breaks. A move toward a $589B valuation would mark a decisive shift in market structure and potentially place the price near the $9 to $10 range. Until confirmation arrives, the asset appears positioned for patience rather than immediate volatility.
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