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XRP traded sideways on Wednesday as broader market liquidity remained elevated despite widespread selling pressure across major digital assets.
Notably, over the past seven days, the cryptocurrency posted notable gains, surging by nearly 11% and outperforming several large-cap cryptocurrencies during the same period.
Meanwhile, despite mixed market sentiment, the token showed resilience, holding key levels even as traders navigated a volatile start to the week.
According to popular analyst Ali Charts, XRP may be approaching a critical breakout zone that has been forming for years on the long-term chart.
The analyst recently highlighted a large multi-year triangle pattern, a formation that often signals a major move once price finally escapes the narrowing structure, suggesting that a confirmed breakout could unleash a significant rally.
Additionally, analyst ChartNerd reinforced the view that XRP’s historical price behavior could favor patient investors during deep market corrections.
He noted that throughout the cryptocurrency’s history, extremely steep pullbacks have been relatively rare but consistently rewarding for long-term holders.
“For reference, including 2026, $XRP has only corrected deeper than 70% five times throughout its entire history,” he stated, emphasizing that each of those prolonged bearish phases eventually preceded strong rebounds.
“The key signal? Every one of those corrections has always rewarded the patient,” the analyst added, implying that past market cycles suggest XRP could still have significant upside potential once broader bullish momentum returns to the market.
The recent resilience in XRP’s price action comes at a time when the wider cryptocurrency market is experiencing uneven performance. While some assets have struggled under selling pressure, others are beginning to display signs of technical strength.
Furthermore, analyst Javon Marks recently pointed to bullish signals emerging in Ethereum, which could also influence sentiment across the broader digital asset ecosystem.
According to the analyst, Ethereum is currently holding a major hidden bullish divergence, a technical pattern that occurs when price maintains support while momentum indicators strengthen beneath the surface.
“ETH showing strength and holding a huge hidden bullish divergence here, which is suggesting a much larger upside to be possible,” he noted.
He added that the setup could allow Ethereum to recover more than 125% back to its previous all-time highs near $4,955 before potentially pushing even higher.
At press time, XRP was trading at $1.48, reflecting a 4.37% drop in the past 24 hours.
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Source: https://zycrypto.com/ripples-xrp-4-quest-begins-as-market-researchers-identify-key-breakout-level/
