XRP’s Weekly Chart Reveals Tight Consolidation Before Wave 3 Target Launch

XRP is coiling up. The weekly chart shows the digital asset locked in a tight consolidation pattern—a classic springboard setup before what analysts project as a major Wave 3 advance.

The Calm Before the Storm

Forget the noise. While traditional finance debates old regulations, XRP's price action is telling a different story. This isn't stagnation; it's compression. The chart indicates a textbook accumulation phase, where the asset gathers energy for its next significant directional move, targeting the next key wave objective.

Why This Pattern Matters

These tight ranges often precede explosive volatility. The logic is simple: as trading volume dries up and price movement constricts, the eventual breakout gains momentum from the built-up pressure. It's a technical phenomenon that bypasses the need for daily headlines, focusing purely on supply and demand dynamics—something your average fund manager might overlook while chasing last quarter's earnings.

Timing the Next Move

All eyes are on the weekly close. A decisive break above the current consolidation zone could signal the start of the anticipated Wave 3 rally toward its target. Conversely, a failure to hold support resets the clock. In crypto, patience isn't just a virtue; it's a strategy. And right now, the strategy is to watch the chart, not the circus of financial punditry trying to fit digital assets into their outdated models.

Weekly Chart Signals Lingering Pressure From Sellers

The weekly chart indicates that XRP has been in a state of prolonged consolidation. The price of XRP remains below a cluster of Fibonacci levels marked during the previous price action.

This marks the 0.618, 1.0, and 1.618 levels. This indicates that this particular asset requires more buying pressure to witness any price increase.

The Relative Strength Index brings a cautionary signal. This tool stands at about 41, which is lower than 50. This illustrates that the current players are still not in control. This tool has been decreasing steadily since the middle of this year, when a local peak was achieved.

This indicates a decline in demand. The signal line for this tool stands at 47.70. This remains above the reading. This indicates that bear pressure remains dominant in this phase.

XRP Struggles Below the $3 Barrier on Higher Timeframes

The MACD remains bearish for the weekly chart. The MACD line continues to be around -0.105, with a sizable negative gap when compared to the signal line of about -0.007.

The red histogram bars have again begun to extend after temporarily slowing down towards the end of summer. This indicates that buying momentum continues to reduce. There are no bullish crossovers that signal a turn in the uptrend.

XRP remains below $3 levels, which FORM a strong psychological level and correspond to major Fibonacci extension levels. Unless a strong closing pattern emerges above this region, any advancement towards a higher level would face rejection.

The zone between $1.70 and $1.90 remains a strong region of accumulation for support. However, until a strong catalyst emerges, XRP remains stable but needs a strong impetus to break towards higher resistance levels.