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XRP Locks in Five-Year Bitcoin Accumulation Range As Price Stalls Between $2.86 and $3.02
XRP has remained in a five-year accumulation range against Bitcoin, spanning 68 bars or 2,070 days.
The price is confined in a narrow range with support at $2.86 and resistance at $3.02.
The RSI values close to 36 indicate a weak market, whereas MACD information reveals equitable strength on both sides of the market.
XRP still has a historically long accumulation pattern against Bitcoin, with the range now extending for more than five years. The longer duration of consolidation is unprecedented, as earlier phases of accumulation were not so long. XRP is now trading at $2.89, with a decline of 3.8% in the past 24 hours. Against Bitcoin, the asset is trading at 0.00002546 BTC, a decrease of 2.6%. Price movement is tightly bound between the $2.86 support and $3.02 resistance.
A Historical Comparison of Accumulation Periods
Past accumulation periods of XRP as compared to Bitcoin have been of lower duration. It is notable that the initial stages between 2014 and 2016 and 2017 and 2019 occurred over a shorter period
The current cycle however is 68 bars or 2,070 days. This makes it the longest accumulation range recorded for XRP on the monthly chart. Support continues to hold near the lower boundary, while the upper zone has repeatedly limited upward momentum.
Technical Indicators Highlight Current Market Conditions
Recent data from TradingView shows relative strength index readings at 36.13 and 33.10. These values point to a market hovering close to oversold conditions on the hourly chart
Source: TradingView
Furthermore, the moving average convergence divergence (MACD) registers at 167.99 million on the positive side, while showing -1.85 billion and -2.02 billion on the negative. These mixed readings emphasize a balance between selling and buying forces as traders monitor the narrow price corridor.
XRP Market Cap at $171.33B Highlights Balanced Pressure
Market capitalization charts reflect the intensity of current trading activity. XRP’s total market cap is split equally between buyers and sellers at $171.33 billion each. This even distribution highlights that there is uncertainty in the short-term market environment
The price points are back near range and buyers are at least holding support at $2.86 as sellers continue to limit gains to around the $3.02 mark. The length of this accumulation period signals how extended consolidations can limit immediate volatility while maintaining structured ranges.