XRP's long-term market structure remains intact despite recent sideways price action, according to analysts. The cryptocurrency has been consolidating beneath a major resistance zone for over a year after reaching its cycle peak of $3.65.
Market analyst ChartNerd believes XRP is following the same technical blueprint as Amazon before its historic multi-year breakout. The asset spent years forming higher lows, a classic accumulation pattern that often precedes explosive upside moves.
The current range is seen as a continuation of a larger cycle by ChartNerd, rather than evidence of structural weakness. He emphasizes that the eventual breakout, not the extended consolidation, will define XRP's next chapter.
Veteran analyst EGRAG CRYPTO points to XRP's 40-day Relative Strength Index (RSI) as a key technical milestone. The RSI is hovering around 42.7, just below the pivotal 44 level that previously served as macro support before flipping into resistance.