XRP Staircase Pattern Signals $15 Target Amid Conflicting Technical Signals

XRP trades near $2.19 while technical analysts debate whether the digital asset will climb toward ambitious price targets or face deeper correction as conflicting patterns emerge across multiple timeframes.

The token holds above $2.15 with its market cap reaching $132 billion TS2, maintaining its position as the third-largest cryptocurrency. Trading activity remains robust despite mixed signals from technical indicators and on-chain metrics.

According to ChartNerd, on X, XRP displays a distinctive five-wave staircase formation dubbed the "Staircase To Valhalla." The analysis identifies a Wyckoff Accumulation pattern projecting potential movement toward the $15 level, representing roughly a sixfold increase from current prices around $2.25.

The technical breakdown shows XRP completing initial accumulation near $0.40 before surging above $2.00. The structure now consolidates between $2.00 and $3.00 in what appears as a re-accumulation phase.

ChartNerd's projection suggests the pattern mirrors earlier accumulation zones that preceded strong rallies.

Current support holds at $1.93, while resistance clusters around the $3.00 threshold. The vertical expansion arrow on the chart points toward $15.00 as the measured move target if the pattern completes successfully.

Exchange Reserves Hit Yearly Lows

Binance reserves dropped to 2.7 billion XRP, marking the lowest level in more than a year after approximately 300 million tokens left the platform since October.

The outflow signals accumulation by long-term holders despite short-term price weakness.

ETF products from Franklin Templeton and Grayscale posted three consecutive sessions of net inflows, though institutional demand has not yet reversed the broader technical deterioration.

The disconnect between supply tightening and price action suggests underlying accumulation may support future rallies.

Derivatives markets show balanced positioning. Data reveals a 24-hour long-short ratio near 1.0064, indicating neither bulls nor bears hold decisive control. Open interest climbed to $4.08 billion with a 1.89% increase, while options open interest recorded a 10.81% rise.

Liquidations reached $4.59 million across 24 hours, distributed between long and short positions. The relatively modest liquidation volume suggests leverage remains contained compared to previous volatile periods.

Death Cross Intensifies Bearish Pressure

XRP fell below $2.20 as a daily death cross renewed selling pressure, creating technical headwinds that could accelerate correction into December.

The death cross forms when the 50-day moving average crosses below the 200-day average, typically signaling prolonged downward pressure.

Price rejected resistance at the $2.23-$2.24 zone, confirming a descending channel that has guided movement for two weeks.

RSI failed to reclaim the midline on every bounce attempt, indicating persistent selling pressure, while MACD continues drifting deeper into negative territory.

The breakdown from $2.22 to $2.18 established a series of lower highs at $2.185, $2.180, and $2.178. All major short-term moving averages now trade above current price, with the 50-day average slope accelerating downward.

Historical patterns suggest the death cross configuration typically precedes extended weakness rather than immediate reversals.

However, improving on-chain flows and steady ETF inflows suggest mid-term accumulation continues beneath bearish surface conditions.

Trading volume reached $2.72 billion across 24 hours according to current data. The circulating supply holds near 60.33 billion tokens, with fully diluted valuation at $217.46 billion based on the maximum supply of 100 billion XRP.

The $2.17-$2.18 zone now serves as the critical decision point. Breaking below this shelf exposes the $2.08 level, followed by broader support near $1.90. Chart analysts identify this lower region as the boundary separating routine correction from deeper retracement.

For bullish continuation, XRP must reclaim $2.20 and break through $2.23-$2.24 with expanding volume. Without both conditions met, any bounce remains corrective within the descending channel structure.

The Wyckoff pattern identified by ChartNerd requires the current consolidation zone to hold for the expansion phase to activate.

A breakdown below $1.93 support would invalidate the bullish scenario and potentially trigger more aggressive selling toward lower support zones.

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