Been watching XRP from a macro perspective lately, and there's something interesting forming on the charts that's worth paying attention to. Egrag Crypto just laid out a solid technical case that really resonates with what I've been seeing in the longer timeframes.

So here's the thing: XRP appears to be completing what looks like a triple bottom formation across multiple market cycles. This isn't some random price action we're talking about. The pattern has developed consistently while XRP respects its long-term trend and moving averages, which strengthens the argument that this is a meaningful technical structure rather than noise.

The current phase is pretty critical. According to the analysis, we're likely in the final leg of an ABC corrective structure, basically the last wave before things potentially shift. That final bottom zone? It's sitting around the $0.91 area, which is where several technical signals converge. You've got the 0.618 Fibonacci retracement aligning with previous demand levels and the corrective structure itself. This could be the last liquidity sweep before the market transitions into something new.

Now here's what I'm watching for: the $1.65 level on the weekly timeframe. If XRP reclaims that, it would be the first real signal that the corrective structure has broken and we're entering a new expansion phase. Once that happens, the chart could start aligning with higher Fibonacci extensions and the next cycle of growth.

The current price is hovering around $1.31, so there's some distance to cover, but the structure itself tells an interesting story if you zoom out and look at it from the bigger picture. Egrag Crypto makes a solid point that market structure is really the most important factor in understanding long-term price movement. This kind of pattern recognition is exactly why it's worth examining the macro setup rather than getting caught up in daily noise.

Worth keeping on the radar if you're thinking about XRP's longer-term trajectory.