TimesTabloid
2025-10-04 08:02:55

Top Trader: XRP Is Gearing up for Parabolic Advance. Here’s why

XRP has held a firm position within its current trading range, showing a consolidation that many traders monitor. The recent price action highlights a period of compression just above a significant support level. Crypto trader and analyst Scient (@Crypto_Scient) recently revealed that XRP is preparing for a “parabolic advance.” This technical behavior often precedes larger moves, and analysts are evaluating whether the asset could soon establish a major shift in market direction. The analyst added that he does not see “any other major printing a cleaner or more bullish structure right now.” This assessment aligns with what can be seen on the chart, where the asset has formed a descending triangle , a recognizable bullish continuation pattern. $XRP , gearing up for parabolic advance. Honestly, I don’t see any other major printing a cleaner or more bullish structure right now. #XRP #XRPUSDT pic.twitter.com/AKyh0G6RP8 — Scient (@Crypto_Scient) October 1, 2025 The Bullish Formation The chart provided by Scient shows XRP trading at $2.9471, sitting above the $2.8 zone, which has acted as a strong area of support following the large breakout earlier in 2025. Since reaching a new all-time high in July , the price has entered into a descending triangle consolidation. While descending structures sometimes carry bearish risk, in this case, it appears to be forming as a bullish continuation setup due to its positioning above the breakout level. The highlighted support zone reinforces this view. XRP has continued to maintain that level despite repeated declines and support tests, showing buyers remain in control. The compression within the pattern suggests a potential expansion in volatility, with the bias tilted upward given the preceding trend. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Key Levels to Monitor A crucial point in the analysis is that XRP remains firmly above the multi-month accumulation range it broke out from earlier in the year. By holding above $2.8, which previously acted as a resistance zone, the market has effectively confirmed it as new support. The significance of this setup lies in the clean market structure that has developed over time. XRP’s consolidation phase is occurring in alignment with bullish continuation principles. Scient’s assessment that the structure is among the strongest in the market highlights the potential for significant price expansion once the consolidation resolves . If buyers continue to defend the resistance level, XRP could build the necessary momentum for another surge. A breakout above the descending resistance trendline would provide technical confirmation of renewed strength. Market watchers would then look for a push toward the higher levels established during the previous rally. 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 advised to conduct thorough 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 X , Facebook , Telegram , and Google News The post Top Trader: XRP Is Gearing up for Parabolic Advance. Here’s why appeared first on Times Tabloid .

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.