XRP Must Hold This Level To Avoid Transition To Macro Bear Structure
The XRP price was caught in the latest Therefore, there are two historical analogs of how XRP can play out from its current range around $1.60. The first is a repeat of the 2021-style move. This move, measured from similar structural conditions, would imply an upside expansion of roughly 340% with a price target around the $7 region. The second one is a repeat of the 2017 cycle. Comparison to the 2017 cycle projects a much larger structural expansion of about 1,600%, which would align with the $27 zone highlighted on the chart above. In both cases, the rallies originated from oversold conditions and compression ranges, not from a strong bullish macro confirmation like many would expect.Related Reading
According to the analysis, a breakdown below $1.60 could still lead to panic selling and reinforce fear narratives of a macro bear market, yet those same conditions have previously been the zones where late sellers exit just before volatility expands upward.
Featured image from Unsplash, chart from TradingView
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