XRP Breaks Out of a 6+ Year Triangle — Analyst Highlights Macro Bullish Structure
Analyst XForceGlobal posted a weekly TradingView analysis asserting that XRP has broken out of a triangular consolidation that spanned more than six years. He describes the move as a confirmed macro breakout visible on higher timeframes, disputing claims it is a “fakeout.” The analyst uses Elliott Wave framing to interpret trend structure and emphasizes following trend-confirmation rather than fixed bullish or bearish bias. He stressed disciplined risk management: avoid rigid price targets, reassess assumptions frequently, and scale positions. XForceGlobal disclosed he took partial profits (roughly half his position) while continuing to add earlier in the trend. Charts shared include potential wave structures and extension zones presented as navigational tools, not guarantees. The piece is presented as technical-market commentary, not financial advice.
Bullish
The analyst identifies a multi-year triangular consolidation that has resolved to the upside on higher timeframes — a classic macro breakout signal that generally supports bullish expectations. Use of Elliott Wave to map potential extensions and emphasis on higher-timeframe structure increases the credibility of a sustained trend rather than a short-lived spike. The trader behavior noted (partial profit-taking while maintaining exposure) is consistent with discipline during trending moves and tends to support continued upward momentum as long as structure holds. Short-term volatility remains possible (and is likely) as traders react to confirmation, potential retests of breakout levels, or ’fakeout’ narratives; this could produce pullbacks or consolidation. If the breakout is sustained and confirmed by volume and higher-timeframe support retention, it can lead to a multi-week to multi-month bullish phase. Conversely, failure to hold breakout support would invalidate the bullish view and could trigger rapid downside as stop-losses and skeptics exit. Historical parallels: multi-year consolidations in major crypto assets (e.g., long flag/triangle breakouts in BTC and ETH cycles) often precede extended rallies when confirmed on weekly charts, but those moves required clear follow-through and volume. Key trader takeaways: watch weekly support retest, volume confirmation, and maintain position sizing/risk controls rather than chasing targets.