XRP’s Long Consolidation Ends as Market Structure Signals a New Era

XRP appears to be entering a decisive phase after spending several years locked in consolidation . Recent price action suggests that the asset has transitioned from prolonged accumulation into a new expansion cycle. As momentum builds and long-term resistance levels give way, market participants now reassess XRP’s broader trajectory with renewed interest. Crypto commentator Amonyx drew attention to this shift on X by referencing a detailed technical analysis from veteran trader Gert van Lagen. The analysis focuses on XRP’s weekly chart and highlights a confirmed breakout from a seven-year double bottom formation, a structure that rarely appears and often precedes major trend reversals when validated by momentum. Seven-Year Double Bottom Confirms Structural Shift XRP’s weekly chart shows that the price has completed a double bottom pattern that began forming after the 2018 market peak. This structure reflects sustained accumulation rather than short-term speculation. The recent move above the neckline confirms...

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