XRP Bulls Get Out Of Jail Free Card. Here’s What It Means

XRP has shown a distinct price pattern that could shape its trajectory in the coming months. Recent analysis from ChartNerd (@ChartNerdTA) highlights similarities between XRP’s current structure and its historical moves. The chart draws attention to July 2016 and June 2025, where similar formations precede notable bullish moves.

XRP: Historical Precedent

In 2016, XRP experienced a consolidation phase. During that period, the price formed a tight range before a break toward higher levels. The chart suggests a double top formation followed by a wick drop before XRP’s price explosion. The chart highlights a rectangle showing the consolidation and two red Xs marking the peaks of the double top. These represent failed attempts to break above the resistance. Below the price chart, the Stochastic RSI (SRSI) reached a reset point. ChartNerd identifies this as an SRSI reset, signaling a potential upward movement.

XRP Current Market Structure

The 2025 chart mirrors the 2016 setup. XRP shows a consolidation within a boxed range with two attempted peaks. The price has yet to break decisively, but the same pattern is forming. ChartNerd highlights that the SRSI is at a similar reset point. The chart analysis emphasizes the SRSI as a key momentum tool. In both 2016 and 2025, the SRSI resets when the price consolidates after testing resistance. This reset indicates that the market is clearing short-term momentum exhaustion, potentially readying for a renewed trend.

Another crucial part of the structure is the wick drop. The digital asset experienced this decline in 2016, and ChartNerd highlights a similar trend in June 2024. Notably, this price drop preceded XRP’s rise to its all-time high of $3.65 in July. This move suggests the asset is already showing signs of the predicted breakout.

Potential Outcome

ChartNerd highlights a possible strong move if XRP replicates the historical pattern. The boxed area shows resistance that has been tested twice, and the SRSI reset suggests that XRP may be positioned to break out. While technical analysis cannot guarantee results, the similarity in market behavior between the two periods provides a framework for anticipating growth. If history repeats, XRP could be preparing for a decisive move. ChartNerd’s analysis suggests a structured view of the market setup and identifies the critical factors that may influence the next price action.