XRP is showing signs of a potential trend reversal as a multi-cyclical triple bottom formation begins to take shape on the macro chart. This rare structure suggests that selling pressure is nearing exhaustion, with prices stabilizing around key support levels. As the pattern nears completion, attention shifts to whether this setup could mark the end of the downtrend and the beginning of a new bullish phase.
XRP forms a rare multi-cycle triple bottom structure
Mapping the macro structure, EGRAG CRYPTO marked that the XRP chart forms a pattern that many market participants may overlook, a triple bottom formation with multiple cycles. Such patterns have weight because markets move in repetitive cycles rather than random chaos, and XRP now appears to be approaching what could be the final phase of this long-term setup.
From a structural perspective, the chart shows three major basic formations developing over several months as price continues to respect its broader trendline and moving average structure. Furthermore, the current price action is believed to represent the final bearish phase of the pattern, commonly defined as the ABC correction structure.
If this interpretation proves accurate, XRP could be nearing the completion of its final corrective leg, known as wave C. Also, this phase often marks the exhaustion of selling pressure, indicating that the market may be approaching a major turning point where a shift from correction to expansion becomes more likely.
The key area to watch is around the $0.91 level, which stands out as a strong confluence zone. This region is supported by the 0.618 Fibonacci retracement, previous structural demand and its alignment with the latter part of the correction. These factors make it a high probability area for a potential final liquidity clearing before the market attempts a broader bullish expansion.
Recovery of $1.65 could confirm structural shift
EGRAG CRYPTO further revealed that the first clear macro signal of a bullish shift is at the $1.65 level. A strong and sustained recovery from this level on the weekly time frame would be significant as it would break the ongoing descending correction structure and signal that the triple bottom formation is nearing completion.
Once this structural barrier is broken, the chart begins to open up for the next phase of macro expansion. At that stage, the upside targets would begin to align with the higher Fibonacci extension levels, while fitting within the broader cycle structure that typically follows a completed accumulation pattern.
In simple terms, the setup provides a clear roadmap for what to watch next. The $0.91 region represents a possible final bottom zone, $1.65 acts as the first major confirmation of strength, and a confirmed break of the descending structure would mark the transition to a new expansion phase.