Pundit to XRP Holders: Get Ready. This Is about to Move Fast

Cryptocurrency pundit Amonyx has shared a new XRP chart, telling followers to “Get ready…” as he pointed to a major setup forming on the asset’s long-term price structure.

The chart attached to the post showed XRP trading within a rising channel on the monthly timeframe against Tether on Poloniex. Amonyx highlighted a recent pullback toward the lower boundary of the channel before placing a large upward arrow above the current price area, signaling expectations of a strong upward move.

At the time shown on the chart, XRP traded around $1.41 after recording a monthly gain of more than 5%. The image also showed XRP maintaining a multi-year ascending trendline. According to the setup, the pundit believes XRP may be preparing for a continuation move after consolidating near support.

Chart Suggests Compressed Price Action

The chart posted by Amonyx presented XRP in a tightening structure following a period of elevated volatility. The monthly candles showed XRP spending an extended period moving sideways while remaining above the lower trendline of the ascending channel.

Several users responding to the post focused on the possibility of volatility returning to the market. One commenter, Claire.k, wrote that “Fast move incoming. Volatility is compressed. Usually means explosion either way.” Her response reflected the view held by some traders that prolonged consolidation phases often precede large price swings.

Another user, Lena, appeared more cautious despite expecting movement soon. She stated that traders should wait for confirmation before entering positions, saying, “Ready. But let it show direction first, then enter on retest. No chase.” The comment highlighted the uncertainty existing among market participants despite the bullish expectations surrounding XRP.

Community Reacts to XRP Outlook

The reactions to Amonyx’s post suggested a combination of optimism and caution by XRP community members. Some users focused on the emotional side of the market, while others discussed trading strategy and timing.

A user identified as Arthur T – RogueLeader said he was looking forward to the potential move but acknowledged personal financial setbacks that affected his current market positioning. He wrote, “I ABSOLUTELY CANNOT WAIT!!! Although I have to reposition myself. Life slapped me, and I’m trying to rebuild again.”

Meanwhile, another commenter, Chloe, reflected on market psychology. She cited the common trading phrase “this time is different” while suggesting that investors continue searching for signs that the market could enter a new phase.

XRP Traders Watch for Confirmation

Amonyx did not provide a specific price target. However, the upward projection displayed on the chart suggests expecting a strong continuation if XRP maintains support within the ascending channel.

The post came at a time when many XRP traders expected a higher timeframe for a sustained breakout. The monthly chart shared by the influencer emphasized long-term positioning rather than short-term price fluctuations, focusing on whether XRP can maintain its current trend and rally in the coming months.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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