Crypto Analyze

Analyst: I Expect Some Positive Price Actions Once This Happens

2026-01-03 23:15

Analyst: I Expect Some Positive Price Actions Once This Happens

XRP is trading at a level where market structure and broader crypto momentum converge. While price action has remained compressed in recent sessions, technical pressure continues to build. As several major cryptocurrencies confirm breakouts from consolidation, traders increasingly view XRP as one of the next candidates for directional movement. This outlook follows a recent technical assessment shared by BLOCK BULL, a market analyst who focuses on chart structure and pattern behavior. His analysis points to a developing setup that could invalidate a widely watched bearish formation and trigger renewed upside momentum. Descending Triangle Nears Invalidation On the XRP/USD daily chart, price has formed a descending triangle , a pattern that typically signals bearish continuation. Sellers have applied consistent pressure from lower highs, while buyers have defended horizontal support. As price moves closer to the apex, volatility tightens, and resolution becomes more likely. XRP now trades just below the triangle’s upper...

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