- XRP is on a long-term uptrend and it stands at the support of $2.48 despite the 12 months consolidation period.
- The former cycle fibonacci levels are now being projected to the present stage as $8.50, $13.76 and $27.49.
- This is because the RSI is 68.68, which is lower than the highest levels but similar to the same momentum structure that existed prior to the 2017 rally.
After a year of range-bound movement, XRP still continues to trade in a wider uptrend. The asset is trading at a price of $2.50, and this is a 1.2 percent decrease in the last 24 hours. RP rates are also reported to be XRP 0.00002267 BTC and short term support $2.48 with immediate resistance at $2.54. There has been no trend break and significant consolidation has resisted the action of the prices at the key structural and no major trend break has happened at the period of time of price consolidation.. This phase follows a multi-year pattern that also appeared before the strong rally recorded in 2017.
The chart displays a symmetrical formation that has remained intact since the last major breakout. This structure mirrors the earlier cycle when XRP moved from a prolonged squeeze into a steep advance. The same pattern remains visible today, with price still trading above the long-term trendline. The technical setup continues to show higher lows, which supports the argument that the trend has not reversed.
Fibonacci Extensions and RSI Patterns Reflect Ongoing Cycle Alignment
The Fibonacci levels drawn from the 2017 cycle highlight how price met every major extension target before correcting. The chart shows that XRP previously reached the 1.272, 1.414, and 1.618 levels, marked at $0.14361, $0.20330, and $0.40732 during that period.
The new Fib projections for the current cycle now sit much higher, with targets at $8.50, $13.76, and $27.49. These levels align with the current breakout zone highlighted on the chart, showing similar positioning to the pre-2018 move. The price has already moved through the lower range of this structure, suggesting the Fib setup remains active.
This comparison provides a reference for traders who track repeating technical patterns. It also reinforces the claim that the trend remains unbroken, even with slower price progression over recent months.
The Relative Strength Index adds another point of comparison. The RSI crossed 95 during the 2017 surge and has approached the same threshold again in this cycle. The metric currently sits near 68.68, still below the extreme zone but following the same directional pattern. The chart also marks a possible RSI rejection point, indicating that momentum has cooled but not collapsed. This keeps the indicator above the mid-range and aligned with bullish conditions.
Consolidation Holds Within Broader Trend
Price movement between $2.48 and $2.54 shows tight intraday range behavior, which often forms before a larger move. The structure also reflects reduced volatility, which frequently appears inside final consolidation zones.
The asset has not broken below its long-term support, and the chart emphasizes that no macro trendline has failed. The next update will include a revised fractal comparison, which may further clarify how the current consolidation aligns with the previous breakout phase.
