2024

Resistance

when

Coin

<ul>
 <li>XRP’s multi-year double-bottom structure confirms a completed macro reversal after breaking its decade-long resistance zone and holding support on two monthly retests.<br></li>
 <li>The asset’s seven-year accumulation base sets a strong foundation for a new upward cycle as buyers maintain control around the reclaimed breakout region.<br></li>
 <li>Historical XRP patterns show major expansions following long consolidation phases, and current structural signals point toward a renewed long-term market trend.</li>
</ul>
<p><strong>XRP double-bottom breakout</strong> gained renewed attention after market commentator <em>Gert van Lagen</em> shared a monthly chart showing a rare multi-year reversal structure. The pattern points to a long-term technical shift after years of compressed trading near the same macro resistance area.</p>
<h3 class="wp-block-heading" id="strong-macro-resistance-break-and-multi-cycle-structure-strong"><strong>Macro Resistance Break and Multi-Cycle Structure</strong></h3>
<p>The chart posted by <em>Gert van Lagen</em><a href="https://x.com/GertvanLagen/status/1991991419637293225?s=20" rel="noopener noreferrer nofollow"> shows </a>XRP trading under the same ceiling near the $1.70–$2.00 region for several market cycles. This level rejected price during the 2018 peak, the 2021 high, and several attempts between 2022 and 2024. The repeated reaction built a clear supply zone that limited long-term progress.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/GertvanLagen/status/1991991419637293225?s=20
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<p>The multi-year pattern formed between 2018 and 2024 resembles a broad double bottom shaped through extended accumulation. The base developed gradually through wide monthly swings, forming a structure often associated with long consolidation phases. Market observers view the breakout above the resistance as the first clean move outside this zone since 2017.</p>
<p>This extended structure establishes a technical floor that held for several cycles. The broader pattern indicates a gradual transition away from range-bound behavior, which typically precedes a more directional environment.</p>
<h3 class="wp-block-heading" id="strong-double-retest-as-breakout-confirmation-strong"><strong>Double Retest as Breakout Confirmation</strong></h3>
<p>According to the shared chart, XRP completed two monthly retests after breaking through the long-term ceiling. Each retracement pushed price toward the former resistance, which now acts as support. The first retest produced a shallow wick response, showing buyers positioned early in the zone.</p>
<p>The second retest reached deeper into the same area. However, it held the support again and reinforced the breakout strength. Traders often watch for this behavior to confirm that a breakout is not temporary and that market structure is changing.</p>
<p>The double retest shown in the tweet suggests controlled accumulation by larger market players. This approach usually forms when participants require confirmation before entering during a developing trend. Such patterns often build a foundation for longer-term directional moves.</p>
<h3 class="wp-block-heading" id="strong-projected-price-path-and-historical-comparisons-strong"><strong>Projected Price Path and Historical Comparisons</strong></h3>
<p>The chart includes a projected path showing an upward curve similar to previous multi-year expansions. XRP produced a major advance from its 2014–2017 base, and observers apply comparable measurements to the current seven-year range. Technical projections use the height of the base and previous cycle behavior to estimate potential areas.</p>
<p>The breakout also aligns with the tendency for extended accumulation phases to precede longer expansion periods. This pattern, combined with the double retest, supports the idea that XRP may be entering a new market stage. Historical charts show that similar structures often precede strong upward cycles.</p>
<p>Analysts note that the pattern marks the completion of a multi-year structural phase. With the support zone tested twice and defended, traders view the chart as transitioning toward a broader markup phase that follows long consolidation periods.</p>
<p>The post <a href="https://coinfutura.com/is-xrp-entering-a-macro-uptrend-after-a-double-bottom-breakout-retest/" rel="noopener noreferrer nofollow">Is XRP Entering a Macro Uptrend After a Double-Bottom Breakout Retest?</a> appears on <a href="https://coinfutura.com" rel="noopener noreferrer nofollow">Coin Futura</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

Is XRP Entering a Macro Uptrend After a Double-Bottom Breakout Retest?

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