XRP has spent the better part of four months grinding sideways <\/span>inside a narrow range band, <\/span><\/a>far removed from its $3.65 all-time high. But one technical analyst believes this extended decline is running out of road, the decline is nearly done, and XRP is <\/span>nearing a bottom <\/span><\/a>significant enough to matter for traders.<\/span><\/p>\n Analyst Protechtor,<\/span> posting on X<\/span><\/a>, has been monitoring a key support zone on XRP\u2019s daily chart for more than a year. His reading is that the extended selloff from late 2025 through early 2026, which is Wave C of a broader corrective sequence, is either complete or approaching completion.\u00a0<\/span><\/p>\n The evidence lies in what the past four months of price action have quietly assembled. XRP\u2019s price action in the past four months has been confined within a narrow support band roughly between $1.30 and $1.70. This compression phase appears to be forming the latter portion of a descending triangle.<\/span><\/p>\n This descending triangle pattern is visible on the daily chart. XRP has formed a series of lower highs since January 2026 while holding a relatively stable floor around $1.28 to $1.31. At the time of writing, the XRP price is trading at $1.43.\u00a0<\/span><\/p>\n According to the analyst, the move from the 2025 highs at $3.65 down into this range is either a completed Wave 2 or Wave B <\/span>in Elliott Wave terms. <\/span><\/a>Furthermore, the analysis identified sub-waves within the final leg of the correction, labeling them (a) through (e). The structure suggests wave (e) is now in progress, completing the triangle before a final thrust.<\/span><\/p>\n Protechtor is careful to present two paths forward. If it is true that XRP is currently in the late stages of a descending triangle, then the first path is that the descending triangle resolves with a characteristic downside thrust. This is going to be a move below the wave (d) low at $1.28, which would represent a final shakeout before price reverses sharply higher.\u00a0<\/span><\/p>\n According to the analyst, such a move would raise the odds here significantly that the bottom is being put in, as triangles typically end with a swift thrust that is quickly retraced.<\/span><\/p>\n The second path is that XRP has already seen its significant low. A breakout above the wave (c) high would invalidate the triangle structure and imply that the corrective sequence ended earlier than the pattern would suggest.\u00a0<\/span><\/p>\n Either way, the analyst\u2019s conclusion converges on the same destination: \u201cIn either case I expect we are near a significant bottom,\u201d he said. These bottom projections are just noise in the <\/span>context of a larger bullish structure<\/span><\/a> that remains intact.<\/span><\/p>\n Featured image from Adobe Stock, chart from Tradingview.com<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" XRP has spent the better part of four months grinding sideways inside a narrow range band, far removed from its $3.65 all-time high. But one technical analyst believes this extended decline is running out of road, the decline is nearly done, and XRP is nearing a bottom significant enough to matter for traders. A Tight […]<\/p>\n","protected":false},"author":2,"featured_media":425525,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-425524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/425524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=425524"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/425524\/revisions"}],"predecessor-version":[{"id":425526,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/425524\/revisions\/425526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/425525"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=425524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=425524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=425524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}A Tight Range Showing Late-Stage Compression<\/h2>\n
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