XRP is forming a rare multi-cycle triple bottom pattern on its macro chart, indicating a possible end to the downtrend. Analysts believe this structure reflects market cycles nearing completion, with selling pressure approaching exhaustion.
The final leg of the correction, known as wave C, appears to be unfolding. The $0.91 level has emerged as a critical confluence zone, supported by the 0.618 Fibonacci retracement, historical demand, and structural alignment.
A sustained move above $1.65 on the weekly timeframe would confirm a structural breakout, marking the start of a new macro expansion phase. Such a move would invalidate the descending trend and align with higher Fibonacci extensions tied to long-term cycle patterns.