That structure was referenced in a chart shared on the social media platform X by Steph, which proposed that XRP’s current market behavior is beginning to resemble the long compression phase that preceded its breakout in 2017.
XRP Completes Nearly 400 Days Of Sideways AccumulationDuring that earlier cycle, XRP spent months moving within a relative range, producing a choppy price action. This kind of extended consolidation reflects a balance between buyers and sellers, where neither side is strong enough to force a decisive trend.
Featured image from Unsplash, chart from TradingView
