Analyst Claims XRP Is Copying Gold's Breakout Pattern, Potential Upside Signals
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Market Structure Similarity: Analyst Steph Is Crypto notes that XRP's current market structure resembles a historical breakout phase of gold, suggesting it may be entering a new upward phase, which could support sustained upward movement if the breakout is confirmed.
- Price Action Analysis: On a two-day timeframe, XRP's price action indicates a prolonged re-accumulation phase, similar to gold's years of consolidation before its breakout, hinting at a significant market shift.
- Resistance Level Monitoring: While the broader pattern suggests upside potential, the analyst emphasizes the need to closely monitor short-term resistance levels, as these could slow or temporarily halt upward momentum, necessitating confirmation of the breakout's validity.
- Community Reaction Divide: Market participants have mixed reactions to the comparison, with some questioning the adequacy of technical similarities to justify expected outcomes, while others stress the importance of real-world utility and adoption, highlighting a divide within the XRP community between technical and fundamental analysis perspectives.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.








