XRP is tightening up at a critical breakout level, with price action suggesting the market is coiling for its next decisive move. While short-term volatility has cooled, the broader structure remains constructive, pointing to a potential expansion phase as compression builds near key resistance.

XRP Compresses Into A Critical $2.30–$2.40 Decision Zone

According to a latest update from Egrag Crypto, the XRP 3-day chart continues to flash strong bullish signals despite recent consolidation. Price action remains constructive, with XRP compressing inside a descending channel as it approaches a crucial decision zone between $2.30 and $2.40.

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From a structural standpoint, several technical elements point to underlying strength. The 50-period EMA has begun to flatten, suggesting that selling pressure is gradually easing. At the same time, the 200-period EMA continues to trend higher, reinforcing the idea that the broader, macro trend remains bullish.

Furthermore, XRP is holding above the EMA cluster, indicating that the market structure has not yet broken down. Notably, the upper boundary of the descending channel aligns closely with the former $2.30 breakout level, adding technical significance to this zone.

From here, the implications are clear. A clean and decisive 3-day close above $2.40 would likely confirm a breakout from compression, opening the door for continuation toward the $2.70 region, with $3.13 emerging as a higher upside objective.

On the other hand, rejection at resistance would likely keep XRP trading in a range. However, as long as the price remains above the $2.00 area, the overall bullish structure stays intact. This is not a breakdown scenario; rather, it reflects tightening price action that often precedes a strong expansion.

Triple Tap Hits Range Highs, Reaching A Key Inflection Point

In a recent market update, CrediBULL Crypto noted that XRP has now completed its triple-tap move, successfully reaching the upper boundary of its range. With liquidity at the range highs already taken, the market now stands at a clear crossroads, presenting two distinct paths for price action going forward.

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The first scenario frames the recent move as nothing more than a relief bounce, sweeping liquidity at the highs before resuming its local downtrend, within the higher-timeframe uptrend. If this plays out, price could move lower again, potentially dropping below the $1.77 level.

In the alternative scenario, the triple-tap pattern is interpreted as the formation of a solid base of structural demand. Under this view, pullbacks are likely to be met with buying interest, with the $1.77 lows acting as a support zone rather than a level to be broken.

Weighing the broader context, particularly Bitcoin’s position and overall market conditions, CrediBULL leans toward the second outcome. That bias favors looking for long opportunities, with the expectation that XRP will continue to expand higher and eventually target untapped levels above the current range.

Featured image from Freepik, chart from Tradingview.com

After retreating from late-2025 highs, Bitcoin has spent much of recent trading days fluctuating between the mid-$80,000s and low-$90,000s, with buyers consistently stepping in on dips and sellers defending the same resistance level.

Interestingly, this technical setup resembles the structure Bitcoin formed before its last major rally that eventually pushed it to its price peak above $126,000.

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Bitcoin Revisits A Familiar Consolidation Structure

A closer look at BTC price action on the daily candlestick timeframe chart shows that the leading cryptocurrency is tracing a pattern that looks very similar to what played out between March and May 2025. 

In that earlier phase, Bitcoin spent weeks trading between roughly $76,000 and $86,000, repeatedly failing to break higher and giving the impression of stagnation. During that time, the Bitcoin price held above support levels and continued to print lower lows within the range and gave the impression of a lack of immediate upside. 

That consolidation ultimately proved to be a base. Once Bitcoin broke above the upper boundary of that range at $86,000, the sentiment changed very quickly and created the stage for a strong upside move that eventually led to Bitcoin. 

The current structure shows the same characteristics, only at a higher altitude. This time, Bitcoin is ranging between approximately $84,000 and $94,000, with price compressing in a similar way to early 2025.

Bitcoin Price Chart. Source: @aganstwallst On X

Why Bitcoin Might Push To New ATHs

The $94,000 level has become the primary area determining Bitcoin’s current upward price action. Bitcoin’s price action tested this zone during an early January rally, briefly pushing toward $94,500 on January 5 before facing rejection and dropping back into correction. That rejection is now in the past, and the next priority is what Bitcoin might do once it finally secures a decisive break above this resistance.

The previous performance is a good reference point for what could follow a confirmed breakout. After Bitcoin cleared $86,000 during the prior consolidation last year, it pushed up for many months, eventually reaching a peak price of around $126,080. That move represented a gain of about 46% from the breakout level. 

No two price movements can play out in exactly the same way, but the similarities between the current setup and last year’s structure suggest that Bitcoin may once again be building energy below resistance. 

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If Bitcoin delivers a comparable expansion after breaking above $94,000, the projected upside targets would extend a little above $126,000 and lead to the creation of a new all-time high. Applying the same percentage move from $94,000 points to a potential advance to as high as $138,000.

Featured image from Pexels, chart from TradingView

Ethereum (ETH) is attempting to retest the local range highs following last week’s market shakeout. However, some analysts believe that the cryptocurrency will continue its sideways move for the coming weeks before its next big move.

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Ethereum Eyes Range High Resistance

Last week, Ethereum attempted to reclaim the $2,800 barrier, hitting a three-month high of $2,879. However, the market shakeout, fueled by the Iran-Israel conflict, sent the cryptocurrency’s price to retest its local range’s lows before recovering over the weekend.

Notably, ETH has been hovering between the $2,400-$2,680 range since the early May market recovery, which saw the King of Altcoins surge from the $1,800 mark toward its current price range for the first time in three months.

Nonetheless, it has been rejected from the local range’s resistance four times in the past month. Market watcher Daan Crypto Trades noted that Ethereum’s price action has been consolidating between these two key levels, compressing just below the $2,800 area.

This level has been a crucial area throughout the cycle, serving as a key support and resistance level since 2024. The trader considers this area to be “the most important level on this entire chart by far,” detailing that every major retest of this zone has led to either “a nice bounce” or “big dump.”

Meanwhile, ETH “went on to really even further” after every reclaim of this level as support. Daan explained that its current price range is “becoming quite a tight range for how long it’s been trading here. You can see how important this is and that there’s likely a big move coming from this point somewhere in the next few weeks.”

Based on this, he forecasted that “If we’d see a convincing break above $2.8K and hold there, that would be a good setup for a move to the cycle highs around ~$4K.” However, if it loses this current range, then the $2,100 area “is the big high timeframe level to watch.”

Is A 2017 Repeat In The Making?

Merlijn The Trader highlighted that Ethereum is now consolidating within its current range after breaking out of a multi-month falling wedge, which suggests that the cryptocurrency could soon experience a massive move.

He pointed out that, historically, “this pause often precedes a surge,” adding that the Relative Strength Index (RSI) is also retesting the recent breakout zone. Additionally, the trader noted that ETH appears to be following its 2016-2017 playbook, with a similar structure to eight years ago.

At the time, the cryptocurrency had an “explosive setup” that led ETH to a massive lift-off starting in 2017. After the market shakeout, the cryptocurrency moved sideways within a tight range while reclaiming the 50-day Moving Average (MA).

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Following the key reclaim, Ethereum’s price experienced a massive surge toward new highs. According to Merlijn, “Same breakout zone. Same 50 MA reclaim. Sideways chop… then liftoff. But this time? Bigger market. Institutional fuel is backing ETH. No ceiling in sight. We’re not repeating history… We’re amplifying it.”

As of this writing, Ethereum is trading at $2,640, a 3.7% increase in the daily timeframe.

Featured Image from Unsplash.com, Chart from TradingView.com