XRP is approaching a critical stage on the weekly chart, according to an analysis shared by AmonyX, which suggests that market participants may need patience as the setup unfolds. The analyst shared a long-term XRP chart from TradingView that maps price action into repeated phases, showing earlier rallies, consolidation periods, and breakouts across multiple market cycles.
At the time of the post, XRP traded near the upper boundary of a structure labeled as Phase 4, following a sharp advance that cleared prior resistance levels. The chart identifies historical turning points, projected targets, and trend lines that frame XRP’s price behavior since 2014, offering context for the current market position.
The chart divides XRP’s historical price movement into four repeating phases across several cycles, starting with strong upward moves labeled Phase 1. These initial rallies transition into Phase 2 pullbacks, where price trends downward within defined channels after major peaks.
Phase 3 then follows, showing extended consolidation periods where price compresses within narrowing ranges before volatility returns. Each complete cycle on the chart ends with Phase 4, which marks renewed expansion after price breaks out from long-term structures.
Within the current cycle, the chart labels a first target as TP1, defined as a move toward XRP’s prior all-time high. A second projected level appears as TP2, marked at a 6.618 extension with a price reference of approximately $ 21.50 on the chart.
Trend lines drawn across multiple years connect higher lows and cap previous declines, forming a broad structure that guides the current setup. Volume indicators and momentum oscillators appear beneath the price chart, showing repeated peaks and troughs that align with earlier cycle transitions.
Alongside the chart, AmonyX stated that the market is “getting close,” while repeating that patience remains key for XRP at this stage. The comment accompanies the visual structure rather than introducing new price predictions or time estimates.
The message frames the current period as part of a larger cycle rather than an isolated move driven by short-term volatility. With the chart showing XRP near the upper region of its latest phase, the analyst’s focus remains on progression within the structure rather than immediate price changes. Both analysts and investors are curious about whether XRP will achieve $3.5.
Read More: XRP Chart Signals 2017-Style Fractal as Key Support Faces Test