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XRP XRP may usher in an explosive breakthrough after a long-term consolidation.
XRP has been below a resistance line that continues to decline for several months, and the price trend is compressed within a narrow range. Cryptocurrency analyst Bird (@BirdXRPL) believes that long-term consolidation may eventually give way to a sharp breakthrough rather than a gradual recovery.
In a recent post, he said that "when XRP's 'magic candle' finally emerges from this area," the asset will not slowly climb back to historical highs. He expects this trend to quickly erase the sideways consolidation of the past 18 months and "correct price behavior within a few days."
"I'm not saying it's going to happen this week. But I mean, when XRP's magic candle finally emerges from this area, it will not slowly climb back to historical highs. It would erase 18 months of downward and sideways price behavior in a matter of days. A 'divine candle'. Within a week. Everything will change."
Downtrend line remains in focus
The accompanying daily chart shows a downtrend line extending from the XRP all-time high of $3.65, forming a series of lower highs over the past year. The digital asset is currently trading close to $1.09, just below this long-term resistance level.
Bird marks the current trading range with a green box near the end of the trend line. The chart also includes a sharp upward arrow pointing to the $3.80 area, showing the path analysts expect XRP to take if it breaks through resistance.
Breakthroughs may unfold quickly
Bird's perspective focuses on the speed of potential breakthroughs rather than the timing. He wrote: "A 'magic candle'. Within a week. Everything will change."
The chart shows that XRP has compressed into a relatively narrow range after a long-term decline. Traders usually focus on these structures, and once prices break through major resistance levels, a strong breakout can occur. In this case, the downtrend line remains a key level to monitor.
Technical structure continues to tighten
The chart shows that XRP remains in a similar price range, while the downtrend line continues to move downward. This causes the distance between support and resistance to gradually shrink over time.
Decisively breaking through the trend line will mark the first time that the medium-and long-term pattern of the chart has been clearly broken. The current pattern provides a buying opportunity because once a clear breakthrough is made, prices may be much higher than current levels, bringing considerable gains.
Watch the next step
Bird did not set a specific date for the expected breakthrough. Instead, the post focuses on the current technical landscape and the possibility that once resistance levels are breached, XRP may recover at a rate much faster than the decline. Currently, the downtrend line is still the key technical feature that defines the market trend.
