The weekly wave of 6% of XRP is only heating before the real rally: analyst

TL; Dr.

• XRP enters the phase 4 cycle, approaching AH with a strong volume and a fibonacci goal at $ 21.50.
• The XRP/ETH investment structure, with the 0.00071 rupture level that indicates a change of momentum reached.
• The rate reduces expectations and commercial tensions push the risk flows to cryptography, which increases the XRP position.

XRP moves to the key resistance

XRP is quoted at $ 2.91 after 6% gain during last week. The 24 -hour price increase is 3%, with a negotiation volume of $ 4.79 billion.

The CW analyst said that the next growth phase can begin only after the price is broken above the historical maximum, which was recorded in mid -July to $ 3.65.

“The real rally for $ XRP will be seen after it breaks above its ATH. It will begin soon,” wrote the analyst.

The current XRP structure follows a family cycle seen in previous market movements.

XRP long -term chart shows a repeated four -phase cycle. The last movement suggests that the Token has entered phase 4, an area associated with the expansion of prices in previous cycles. The previous stages included accumulation, rejection and a long consolidation.

The graph marks the first objective as the maximum of all time. The second is placed at $ 21.50, based on an extension of Fibonacci. Market interest has grown as XRP addresses these levels. The Dom analyst reported +10m XRP Net Buy pressure in 15 minutes during the rupture window.

Some market observers are cautious, pointing out the bearish divergence in the weekly table. Others see the moment of impulse construction for a possible movement beyond $ 4.50.

XRP/ETH shows early investment signs

The XRP/ETH pair shows a possible trend change. In the 4 -hour table, the asset formed a higher minimum and is now testing the high at 0.0006777. A movement above 0.00071 would confirm the change in the direction.

Cryptoinsightuk commented,

“Now we are looking to see if we can exceed the level of 0.00071 and continue this impulse.”

The weekly graph shows the price that is maintained above the support of 0.0006312. The impulse remains neutral, with RSI still below 50. A break above 0.00071, backed by volume, can confirm the force in this pair.

Macro events add fuel to risk assets

The probabilities of the Federal Reserve now show a probability of 86% of a rate cut of 25 base points at the next policy meeting on September 17. This change has supported the flows in risk assets, including cryptography.

The ongoing commercial tensions between the United States and China have been added to market volatility. The last XRP movement reflects both the interest promoted by the graphics and a broader change in market positioning.