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A technical pattern resurfaced around XRP that previously preceded a 69% price rally. This pattern shows similarities between current price behavior and an earlier breakout phase.
Price action near a long-watched trend indicator has become central to discussions among XRP market participants. The pattern has revived historical comparisons directly connected to a strong upside expansion.
Crypto analyst ChartNerd shared a chart showing XRP recently trading below the green Supertrend indicator. The analyst highlighted that the same condition appeared in the previous cycle before XRP delivered a rally of approximately 69%.
During that earlier occurrence, XRP briefly moved lower and triggered selling activity across the broader market. That decline later proved temporary as the price reversed sharply and shifted momentum higher. After completing the 69% advance, XRP entered a consolidation phase that lasted several trading weeks.
The price later expanded again, continuing upward beyond previously established resistance areas. Currently, XRP is forming a comparable structure after spending multiple weeks below the same Supertrend level. This similarity has fueled discussions about whether another significant price expansion could follow.
The earlier setup referenced by ChartNerd involved a failed breakdown below trend support. That failure preceded a strong rally, which now serves as the foundation for current comparisons. Recent XRP price action shows limited follow-through on repeated downside attempts.
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This behavior closely mirrors conditions observed before the previous 69% upward move. Candle structures indicate repeated tests of lower levels without sustained continuation. Such activity aligns with the historical phase highlighted in the analyst’s chart.
The Supertrend indicator remains a key reference point when evaluating this ongoing setup. A move back above the green Supertrend previously marked the beginning of XRP’s 69% rally. This same indicator now sits close to current price levels.
Its interaction with price continues to attract attention from market participants. In the earlier cycle, reclaiming this trend level coincided with renewed upside momentum. That historical reaction underpins the current focus tied to the headline comparison.
The broader market environment differs from the earlier period shown in the chart comparison. Liquidity conditions and external factors now play a larger role in shaping price behavior. Even so, the technical structure highlighted remains rooted in XRP’s historical price movements. This connection keeps the 69% rally comparison relevant to current market discussions.
Volume behavior near resistance levels continues to receive close attention. Shifts in participation could influence whether the historical pattern develops further. XRP remains within a compressed trading range as traders monitor interactions with the trend indicator. Market participants continue tracking developments closely as this historical comparison evolves.
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The post The Last Time This Happened, XRP Rallied 69% – Major Pump on the Horizon? appeared first on 36Crypto.
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