- XRP’s Bifrost Bridge pattern remains intact, guiding long-term price movement.
- No confirmed breakout yet, but XRP’s macro trend stays bullish.
- 13-month accumulation above $2.00 signals potential breakout in future.
The XRP community received an update earlier today that has sparked renewed optimism, as expert analyst Egrag Crypto reassured investors that the Bifrost Bridge pattern remains unbroken.
According to Egrag, despite the ongoing market fluctuations, the critical price structure guiding XRP’s trajectory is still intact. Investors who have been tracking XRP’s movements were reminded that the token has yet to break through the Bifrost Bridge resistance, and the larger macro trend remains bullish.
XRP has spent over 13 months accumulating above the $2.00 mark, signaling a period of consolidation. This extended accumulation phase has sparked growing anticipation of a potential breakout. However, Egrag stresses that the small wicks and temporary price movements observed on lower timeframes are simply liquidity maneuvers.
These short-term fluctuations are unlikely to change the long-term outlook, and the bigger picture remains focused on the established channel.
What’s Next for XRP?
According to Egrag Crypto, the focus should be on the monthly price structure rather than daily noise. The yellow support box remains a critical level for XRP, and as long as the price stays above it, the macro trend remains bullish. Despite the lack of a clear breakout above the Bifrost Bridge, XRP is holding steady within its channel, which is seen as a guide for future price action.
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Egrag further highlights the importance of higher lows in the market, pointing out that XRP’s price has remained resilient. Investors who hold strong during periods of volatility are likely to benefit in the long term. The analyst suggests that the breakout above the Bifrost Bridge is simply a matter of timing, with XRP’s next significant move awaiting the right conditions.
Looking ahead, the long-term structure for XRP continues to be optimistic. The Bifrost Bridge pattern has proven to be a strong guiding factor, and once the breakout occurs, it could signal the start of the next phase in XRP’s journey. Investors are advised to remain patient and trust in the broader market structure, as this consolidation period may soon pave the way for a major upward movement.
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