Structure points toward continuation, but confirmation above wedge resistance remains necessary before the broader target activates. RLUSD activity adds network context, while current price a
XRP breakout signals are developing alongside strong RLUSD growth, while the latest chart structure keeps longer-term upside targets under watch.
The broader chart shows XRP moving through several contracting formations. Earlier breakouts preceded sharp advances and extended continuation phases. The current structure follows a broadly comparable sequence of compression and expansion.
JAVONMARKS recently pointed to this historical behavior in his XRP analysis. He referenced XRP’s move from roughly $0.50 toward above $3.30 previously. His comparison centers on structural similarities between earlier and current formations.
Source: XThe larger formation features descending resistance and gradually rising lower boundaries. This compression creates a narrowing range between opposing trendlines. A sustained break from that range could determine the next directional phase.
The price as of writing, stands at $1.41, following a decline from approximately $1.47. Price recently failed to maintain the $1.44 area after reaching higher intraday levels. That weakness keeps immediate confirmation necessary before the broader bullish structure strengthens.
The latest formation resembles a smaller descending wedge or bullish flag. Its boundaries continue compressing after the preceding upward movement. Such structures require a confirmed resistance break before continuation becomes technically established.
Marks identifies this smaller formation as the next potential catalyst. His projected measured move reaches approximately $15 after a successful breakout. The projection therefore depends on confirmation rather than the target itself.
The historical comparison extends back to XRP’s 2017 market structure. Marks notes that XRP reached a similar measured objective during that cycle. Price subsequently exceeded that objective by a considerable margin.
For the present setup, $1.40–$1.41 remains an important support area. Holding that zone could provide room for another recovery attempt. Meanwhile, $1.43–$1.44 represents an immediate resistance area above current levels.
Shaminem recently highlighted contrasting stablecoin trends involving the XRP Ledger. Total stablecoin supply reportedly declined 6% since May. Meanwhile, RLUSD supply on XRPL increased 39% to approximately $934 million.
The data also shows considerable RLUSD issuance and redemption activity. Around $450 million was issued during the past 30 days. Another $450 million was reportedly redeemed over the same period.
That turnover indicates active movement through the RLUSD market rather than simple supply expansion. The figures also show substantial dollar-denominated activity across the XRPL ecosystem. However, RLUSD circulation does not directly require equivalent XRP purchases.
The combined picture remains dependent on technical confirmation and support retention. A break above the smaller wedge would strengthen the continuation structure. Conversely, losing $1.40 could weaken the setup and shift attention toward further downside.
