As Ripple (XRP) shows technical movements similar to past charts, market attention is focusing on the possibility of a prolonged consolidation phase.

Virtual asset specialized media Watcher Guru recently analyzed that a pattern similar to 2022 is being observed on the XRP weekly chart. The Bollinger Bands on the current XRP/USD chart have entered a contraction phase, just as they did several years ago, and the Relative Strength Index (RSI) is also showing a weakening trend.

A narrowing of the Bollinger Bands indicates a decrease in volatility. This is interpreted as a phase where market participants are searching for future direction, and some investors see it as a signal of a long-term accumulation phase.

Watcher Guru projected that if the same pattern from the past repeats, XRP could continue to exhibit limited price movements for a considerable period. In particular, it presented a scenario in which a new upward cycle could unfold after a consolidation phase lasting approximately 800 days.

The macroeconomic environment is also an important variable. Analysts note that uncertainty surrounding U.S. monetary policy, tensions in the Middle East, and expanding volatility in global financial markets are weakening the risk appetite among investors.

However, some in the market caution that it is difficult to predict future prices based solely on technical analysis. They point out that since XRP is influenced by a complex interplay of factors such as changes in the regulatory environment, institutional demand, and the overall investment sentiment of the virtual asset market, a variety of factors must be considered together.

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