XRP is evaluated in a long-term triangle formation. Some analysts monitoring the market state that this structure indicates a squeeze that spans more than one cycle, rather than short-term fluctuation. While XRP was traded at $1.20 at the time the news was prepared, its transaction volume in the last 24 hours was $1.62 billion and its market value was $74.64 billion.
Long-term structure stands out
Crypto analyst EGRAG CRYPTO analyzed XRP price action through a long-term “big yellow triangle” structure. Accordingly, the current outlook may indicate a long-term period of accumulation and compression rather than sudden price volatility. XRP is tracked as a crypto asset linked to the Ripple ecosystem and known for its use in cross-border payments.
It is reported that the long-term triangle structure evaluated for XRP reflects a multi-cycle compression rather than short-term volatility, and past cycles guide possible future expansion scenarios.
According to those who advocate this approach, large cycles often begin in regions close to the lower border of the formation and are followed by sharp upward movements. It is stated that increases of approximately 8,000 percent and 1,900 percent were seen in the past, and in the current evaluation, an expansion scenario of approximately 909 percent is on the table.
In predictions based on the same framework, $ 6.50 and $ 13 levels stand out as macro targets for XRP, while $ 60 is also pronounced in a more extreme scenario. However, these levels are not presented as definitive predictions, but as possible scenarios depending on liquidity conditions and sensitivity in the market cycle.
OTC transactions indicate institutional interest
Another analyst, Hailey LUNC XRP, claimed that major investors have accumulated over $1.8 billion in XRP through over-the-counter transactions. These types of transactions are especially preferred by corporate players as they allow large amounts of trading without being reflected directly on the stock exchange screen.
Mini dictionary: OTC, that is, over-the-counter transaction, is the transaction of buying and selling directly between the parties or outside the exchange through intermediary institutions. This method is used in high volume trades to reduce price slippage and complete the trade with more limited visibility.
It is evaluated that the accumulation of XRP exceeding $1.8 billion in the over-the-counter market shows that major players continue to be interested in this asset, but the impact on the spot price may remain limited in the short term.
It can be expected that high volume purchases in the over-the-counter market do not directly affect the instant spot price. However, some analysts state that an accumulation of this magnitude can be interpreted as a signal that may increase volatility in the future.
Although the decline continued in the short term, the monitored level did not change
Although XRP has lost 2.19 percent in value in the last 24 hours, the market’s attention seems to be focused on the possibility of an upward turn due to the technical structure and large investor movements. However, the levels shared by analysts are not guaranteed and how the price will be positioned within the triangle structure remains one of the main monitoring topics in the coming period.
