Will XRP Rise Sharply? The Harmonic Model Indicates Price Increase Potential

The cryptocurrency market is experiencing light selling pressure as Ethereum (ETH) falls 4% on the day, dropping to $4,350 from a recent high of $4,780. This decline has spread to major altcoins, with XRP also trading lower. Currently, XRP has fallen about 4% for the week, but beneath the surface, a recognizable harmonized pattern is forming on the chart - a pattern that could signal a potential bullish move in the coming days. Harmonic Model Suggests Potential Price Increase On the daily chart, XRP is forming a Harmonic Bearish Butterfly pattern. Although labeled "bearish," this pattern often precedes continuing bullish phases in the late (CD), when the price expands into the potential reversal zone (PRZ). The formation process began at point X (, $3.66 ), then fell to A, recovered to B and another adjustment up to C near $2.94. From that point, XRP started to recover, currently trading around $3.05.

More importantly, this token has held the 50-day moving average (MA) at $2.94, serving as a short-term support area. Maintaining above this level reinforces the bullish outlook for the next rally of XRP. What Is The Next Step For XRP? If the buyer maintains control over the 50-day MA and the support point C (2.94, XRP may move towards the PRZ, ranging from $3.92 ) Fibonacci extension 1.272( to $4.26 ) Fibonacci extension 1.618(. Historically, these levels serve as the main completion targets of the Butterfly pattern, often marking areas where momentum either consolidates or reverses. The downside is that if it cannot maintain a level above $2.94, the harmonious structure will weaken, potentially delaying or invalidating the bullish breakout scenario. Although the risks remain, the technical setup suggests that XRP may be quietly preparing for a larger move as this harmonious pattern develops.