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An XRP analyst is pushing back against the growing sense of boredom 
surrounding XRP’s price action, with the outlook that people are misreading 
what is actually happening on the higher timeframes. Taking to the social 
media platform X, an analyst known as XRP QUEEN said traders are overlooking a 
typical setup that has always preceded some of XRP’s most notable rallies. Her 
view is based on XRP’s weekly price structure and a comparison with how 
previous long consolidation phases eventually resolved. Why XRP $1.50 To $3 
Range Matters More Than It Looks A look at the weekly candlestick timeframe 
chart shows that XRP&#8217;s price action over multiple months has been largely 
confined between support at $1.5 and resistance just above $3. Interestingly, 
according to the analysis from XRP Queen, XRP&#8217;s price action being pinned 
between roughly $1.50 and $3 is not a sign of weakness but a repeat of earlier 
accumulation zones. Related Reading: Pundit Says XRP Price Is Not A ‘Crypto’ 
Question, But A Systemically Important Liquidity Asset The chart shows how the 
token has previously spent long stretches moving sideways for hundreds of 
days, highlighted on the chart as 200-day, 800-day, and even 1,000-day 
consolidation phases. In each case, price compression eventually gave way to a 
vertical move higher, labeled as MOON on the chart. The key point being made 
is that these flat, frustrating periods tend to drain interest and attention 
from the market. That drop in engagement, according to the analyst, has always 
aligned with smart accumulation. The longer the range holds, the more pressure 
builds beneath the surface. $2.72 And The Projection Of A Teleport Move A 
notable level on the chart is the $2.72 zone, which is sitting around the 
0.786 Fibonacci extension level projected from XRP price lows in 2018. 
Breaking and holding above $2.72 would be important to how XRP rallies to new 
all-time highs. As noted by XRP Queen, if $2.72 holds, then the next outlook 
is looking at $9-$15. Related Reading: Pundit Explains Why The XRP Price 
Hitting $100 Isn’t Delusional Once XRP leaves this range, it teleports. No 
pullbacks and no second chances. The projection on the chart shows Fibonacci 
extensions stretching far above the current price. These extensions include 
0.786 at $2.71, the 1.0 extension around $3.40, followed by 1.618 at $5.47, 
2.818 at $8.78, and the most extreme 4.764 extension around $15.89, all 
pointing to price targets to be broken once the current range is broken. 
However, the altcoin is currently trading far below the $2.72 level needed to 
confirm the price teleportation to interesting highs. At the time of writing, 
XRP is trading around $1.60, meaning the price would need to climb by about 
69% just to retest $2.72. Until that happens, XRP is in consolidation mode, 
and it is unclear how long it will keep trading sideways in the current range. 
Featured image from Freepik, chart from Tradingview.com

Analyst Highlights What People Are Missing In The XRP Price Chart

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Cryptocurrency price in BTC