XRP Forms Strongest Bull Structure in History

Independent chartist The Great Mattsby (@matthughes13) has identified what he describes as XRP’s most constructive long-term structure on record, pointing specifically to the three-month Ichimoku system. According to his analysis of the Bitstamp XRP/USD chart, XRP has never before built a base above the 3-month conversion or baseline in its entire history—until now. For the past year, the cryptocurrency has maintained position above these critical quarterly averages, marking a significant departure from prior cycles where quarterly closes consistently failed to hold above these Ichimoku reference lines following rallies.

The current quarterly candle remains open with price around $2.31, visually underscoring the ongoing macro bull trend as both the Ichimoku conversion line and baseline track just beneath the spot price. This sustained positioning above key quarterly indicators represents a fundamental shift in XRP’s market structure, suggesting stronger underlying support and more robust trend strength than in any previous market cycle. The configuration of price remaining above both the 3-month conversion and baseline for multiple consecutive quarters provides objective evidence of the asset’s strengthened technical footing.

Complementing the bullish Ichimoku signals, XRP has been oscillating within a well-defined Fibonacci framework between the 0.886 retracement level at $2.25877 and its 2018 cycle all-time high at $3.31700. Since early December of the previous year, price has repeatedly defended the $2.25877 band as support while struggling to secure acceptance above the $3.31700 ceiling on weekly charts. This horizontal range, capped by the former peak, has created what The Great Mattsby characterizes as a ‘#Palantiring candidate’ posture—indicating strong potential for significant upward movement.

The repeated mean-reversions within this $2.26 to $3.32 band suggest accumulation rather than distribution, as the market systematically tests overhead supply at the 2018 high. The 0.886 Fibonacci level at $2.25877 continues to function as the pivotal support shelf, with its repeated defense indicating strong buyer interest at these levels. This consolidation pattern represents a critical building phase that could precede a substantial breakout, provided the key support level continues to hold on closing bases.

Beyond the immediate trading range, the weekly framework maps out substantial upside extension levels that would logically come into play only if XRP can reclaim and hold above the $3.31700 resistance. These Fibonacci extension targets include the 1.272 level around $8.29661, the 1.414 extension near $13.38940, and the ambitious 1.618 projection up at $26.63038. These levels represent potential price objectives that would only become relevant following a confirmed breakout above the 2018 all-time high.

Conversely, the analysis clearly demarcates stacked retracement supports below the current consolidation range, including $1.61246 (0.786 Fibonacci), $1.12487 (0.702), $0.91531 (0.618), $0.61495 (0.500), $0.41315 (0.382), and $0.25257 (0.236). These levels delineate the ladder of demand zones that governed XRP’s multi-year range prior to the latest advance, providing a clear roadmap of potential support areas should the current consolidation break downward.

The convergence of signals from both timeframes tells a coherent technical story. The high-timeframe Ichimoku view shows XRP maintaining unprecedented altitude above its 3-month conversion and baseline, while the weekly chart reveals disciplined consolidation between critical Fibonacci levels. As long as the 0.886 retracement at $2.25877 continues to hold on closing bases, The Great Mattsby’s consolidation thesis—and the characterization of this as XRP’s strongest macro bull trend to date in Ichimoku terms—remains technically valid, presenting a compelling case for the cryptocurrency’s structural strength.