Bitcoin Analyst: XRP Is Coiling Up

In a recent post on X, prominent Bitcoin analyst MMCrypto delivered a concise but impactful message: “XRP COILING UP.” While brief, the statement has resonated with traders and analysts who see it as a signal that XRP may be approaching a pivotal move in the market . XRP Price Overview As of report time, XRP is trading at $3.55, slightly up on the day after hitting a local high of $3.66 earlier in the week. XRP has maintained a tight trading range between $3.41 and $3.56, suggesting a period of consolidation. This compression in price movement lends credibility to the “coiling” narrative. In market terms, it describes a situation where price volatility decreases as tension builds, much like a spring being compressed before it is released. XRP COILING UP. — MMCrypto (@MMCrypto) July 20, 2025 The Coiling Pattern: What It Means A coiling pattern typically forms when price action narrows into a symmetrical triangle or wedge. It signals indecision, but also sets the stage for a high-probability breakout once one side is breached. Technical analysts have observed that XRP is forming higher lows while repeatedly testing resistance around the $3.60 level. This kind of tightening pattern, especially after a strong rally, often precedes a major price breakout. Indicators Point to Accumulation On-chain data and trading indicators suggest that market participants are preparing for a larger move. XRP’s open interest in futures contracts remains elevated, while spot trading volume continues to exceed $8 billion daily, both signs of strong participation. Although daily active wallet numbers have declined slightly since XRP’s recent peak, whale accumulation remains steady, indicating long-term confidence. Meanwhile, the MACD remains bullish on the daily chart, and RSI levels, though approaching overbought territory, still reflect strong momentum. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Risks to Consider Despite the bullish setup, caution is advised . If XRP fails to hold its key support at $3.38, it could retrace toward the $3.00 level. Profit-taking by early holders and a cooling of retail interest, as reported by platforms like BeInCrypto, could weigh on the price if bullish momentum stalls. Nonetheless, as long as XRP stays above its key support and maintains its coiling structure, the odds favor an upward breakout, particularly if market conditions remain favorable. MMCrypto’s statement, “XRP COILING UP”, captures the current state of XRP with precision. Price is consolidating in a tight range, technical indicators are aligning, and market interest remains high. Whether XRP breaks out or down will depend on how it responds to the pressure building beneath the surface. For now, all eyes are on XRP as it teeters on the edge of a potential move, one that could define its trajectory for the rest of the year. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Bitcoin Analyst: XRP Is Coiling Up appeared first on Times Tabloid .

Source: TimesTabloid