The chart structure shows the price breaking above a long-term symmetrical triangle in late 2024, but it has been consolidating between a relatively stable range since then. The expectation is that once this upper range is broken, it will lead to a strong follow-through for the token’s price.
Outside of XRP’s price charts, some analysts are looking at capital flows and on-chain signals as the real engines for the next leg. For instance, crypto analyst Ripple Bull Winkle believes that the next major wave for the token is much closer than most people think.
His perspective is based on a growing shift in blockchain liquidity that he says signals a new phase of market movement. Earlier this week, more than $250 million in USDC was minted at the USDC Treasury, and according to Bull Winkle, such a large stablecoin issuance is not coincidental.
