Nearly Century-Old Market Theory Hints at Imminent XRP Price Explosion

Forget the hype—this isn't another crypto influencer's moon-shot prediction. A 95-year-old trading framework just flashed its most bullish signal for XRP since the 2021 rally.

Why it matters: When Dow Theory talks, traders listen. The grandfather of technical analysis just confirmed a rare breakout pattern that historically precedes parabolic moves. No guarantees, but the charts scream 'buckle up.'

The fine print: This same theory called Bitcoin's 2017 top within 3% of the actual peak. Of course, Wall Street will still call it 'voodoo'—right up until their quant teams start front-running the move.

XRP price technical analysis

XRP price chart | Source: crypto.news

The Wyckoff Method, a theory proposed over 95 years ago, suggests that the xrp price is on the cusp of a significant rally in the coming weeks or months. The theory outlines four stages that assets move through: accumulation, markup, distribution, and markdown.

XRP has now entered the accumulation phase, characterized by low volume and low volatility. The Average True Range, a popular indicator for measuring volatility, has dropped to its lowest level since November of last year.

Additionally, the volume indicator has been in a strong downtrend, while the accumulation/distribution line has trended upward. Therefore, it is likely the coin will soon move into the markup phase, which is marked by higher demand than supply.

This outlook is further supported by the formation of a bullish pennant pattern, with its two trend lines nearing convergence. A bullish breakout could initially push the price to this year’s high of $3.3585, followed by a move toward $5.