Crypto market analysts have shifted attention to XRP as multiple indicators signal the return of a familiar market structure. Recent observations from on-chain data and price charts suggest the asset may be revisiting a setup that previously marked a sensitive phase in its cycle. As a result, traders are watching closely as XRP trades within a narrowing range.
According to data presented by Cointelegraph, XRP’s current market structure mirrors a period in the 2022 market cycle when short-term investors accumulated positions near higher price levels. During that phase, long-term holders maintained a much lower cost basis, which placed increasing pressure on newer buyers. That imbalance has now resurfaced, elevating the importance of support and resistance behavior.
On-chain data from Glassnode further clarifies the situation by examining realized prices across holder age groups. Short-term holders are positioned close to the market price, leaving limited tolerance for downside movement. Meanwhile, long-term holders remain in profit, reducing the likelihood of widespread selling. Consequently, structural support continues to rely on long-term conviction rather than short-term momentum.
Also Read: XRP Bullish Breakout Imminent? Falling Wedge Pattern Paints Clear Picture
From a technical analysis, XRP remains confined within a descending channel that has shaped price action for an extended period. However, recent attempts to move above the upper boundary of that channel have drawn market attention. According to ChartNerdTA, this development matters because XRP continues to hold a multi-month support zone that has remained intact for more than 400 days.
That support has consistently attracted buyers, preventing deeper declines. Moreover, the chart shows a higher low formation, which signals that sellers are losing control. This pattern suggests buyers are entering at progressively higher levels, even as the price approaches resistance.
Significantly, on-chain and technical signals now converge around the same price region. Long-term holders realized prices align closely with the horizontal support highlighted on the chart. Additionally, short-term holder cost levels overlap with descending channel resistance, increasing pressure around the current range.
Sustained price acceptance above resistance could reduce stress on short-term holders and help stabilize broader market conditions. However, failure to maintain current support could expose XRP to renewed downside toward long-term cost areas.
Despite the historical comparison, analysts emphasize that the structure reflects balance rather than confirmation. Volume and follow-through remain essential for validation. XRP trades above long-term support while testing overhead resistance, reflecting a historical pattern that continues to develop.
Also Read: XRP Faces Decline as Death Cross Emerges Despite Increased Trading Volume
The post Alert: XRP’s Current Pattern Is Mirroring This Historical Structure, Details appeared first on 36Crypto.

