$XRP XRP 1W ABCD Pattern: Point D Zone Reached, Measured Move
Eyes on xrp $182–$2.05
XRP has printed a clear ABCD structure on the weekly chart. Point A sits near the $1.55–$1.60 area, B forms the low around $1.00, C prints the swing high near $1.72–$1.75, and D is completing in the $1.42–$1.49 demand zone (current close $1.4941). The CD leg is descending into a tightening structure that resembles a falling wedge / descending triangle hybrid inside the larger ABCD.
Price has already cleared the immediate reaction low and is holding above $1.49 after this week’s +5.93% candle (open $1.4104, high $1.5094). The 1.514 label on the chart marks a nearby intra-pattern high that is now acting as first resistance.
A measured-move projection using AB = CD (or a common 1.27–1.618 extension of the BC leg) points first to $1.82 and then the $2.00–$2.05 area if the pattern resolves upward. The most probable path is a brief consolidation or shallow retest of $1.45–$1.48 before continuation, given the weekly timeframe.
Volume has contracted through the CD leg (typical of a completing corrective structure) and the latest green weekly candle shows some absorption. No extreme weekly RSI/MACD reading is visible on the screenshot, but the recent bounce off D carries the same “buyer defense at the projected completion zone” character as classic bullish ABCD setups.
Watch the $1.51–$1.52 area as the first confirmation level; a weekly close above it would increase odds of the measured-move targets being reached. Invalidation sits on a decisive weekly close below the $1.40 region (below point D).
