Key Takeaways
XRP follows its Q4 pattern, consolidates after July’s pullback, and shows early signs of strength. Could it launch a parabolic run toward year-end?
Ripple’s [XRP] price action continues to mirror its Q4 cycle.
Source: Glassnode
Looks like a similar distribution might be playing out under the hood.
As the chart shows, on the 24th of July, LTH profit-taking spiked to $375 million, hitting right around XRP’s $3.55 top. That triggered a 10.33% intraday dip, marking its longest red candle in over three months.
Simply put, XRP dipping below $3 support could be setting up a replay of early-Q1 action. Last year, $2 flipped into support, sparking a 60%+ run to $3.35 by mid-January.
The question is: Are bulls frontrunning this setup?
XRP eyes support flip for next breakout rally
Ripple’s consolidation put HODLers’ patience to the test.
LTHs (>1 year) tend to offload as XRP hits or nears their cost basis. Since January’s top, the altcoin spent five months chopping sideways before ripping 80%+ into a $3.65 peak by mid-July.
Against this backdrop, the $375 million in realized gains wasn’t random. And while XRP retraced to $3, a 6.45% bounce the following day validated the bid wall and reinforced support.
Source: TradingView (XRP/USDT)
If this pattern sticks, XRP could be replaying its Q4 setup.
LTHs are offloading into strength, structural support is holding. With a risk-on sentiment shift, the altcoin could run another November-style leg. That puts an 80% move in play, taking Ripple to $5.40 by mid-Q1.
