XRP approaches the vertex of a multi-year triangle despite short-term resistance

Source: Yellow Original Title: XRP approaches the vertex of a multi-year triangle despite short-term resistance

Original Link: Bitcoin (BTC) analyst EGRAG CRYPTO described a multi-year triangular pattern for XRP that indicates a possible major breakout, even as short-term price action remains under pressure. The asset is trading near $1.84, struggling to regain key resistance levels while the macro structure continues to develop.

Multi-year Pattern

EGRAG CRYPTO published an analysis showing XRP trapped in a large triangular formation on the 2-month timeframe, a structure that has been building over years. The analyst, who identified this scenario early, said that the pattern represents a definitive roadmap rather than random volatility.

The formation is approaching its vertex, indicating that a significant move is being prepared. EGRAG emphasized that the analysis is based on a disciplined interpretation of long-term price action, not mere speculation.

The analyst provided a phased roadmap designed to guide investors through potential breakout stages as XRP emerges from what he called a historic consolidation pattern.

Key Technical Breakout

Analyst Umair Crypto pointed out that the double bottom structure on the 4-hour chart is failing to gain traction despite a rebound from $1.84. The level coincides with the golden zone of the Fibonacci retracement from $1.772 to $1.962.

The price needs to close above $1.96 to change the daily RSI trend lines and start regaining bullish momentum.

Critical resistance is at $2.00, where a breakout would recover the 50-day simple moving average.

Until those thresholds are reclaimed, the outlook remains bearish with a risk of lower lows, according to Umair Crypto. The asset is vulnerable to further declines as long as buyers fail to push above key resistance levels.