"Of those four attempts, the biggest moves were in March and April. XRP spiked to $1.60 in March after the SEC and CFTC jointly classified it as a commodity, then to $1.51 in April on the biggest week of ETF inflows. However, both moves retraced after a few days. The reason was the same each time-the wall of break-even sellers at $1.45 absorbed every push above that level."
"XRP is trading around $1.47 right now, up roughly 3% over the past week and holding above the $1.45 resistance. With the triangle apex about two weeks away, the current breakout has a tight window to either extend or fail-but one analyst thinks the rally is just getting started."
"Toncoin has done this twice in the past two years. In the first quarter of 2024, it rallied 350% as Telegram built TON support into its messaging app and on-chain trading exploded. Then, earlier this month, TON jumped another 110% in a single week after Telegram founder Pavel Durov announced he was taking over the network's governance."
"ONDO did the same thing in late 2024. After months of consolidation, the token hit an all-time high of $2.15 in December on news that World Liberty Financial-the Trump-family-backed crypto project-bought ONDO tokens. The rally came out of compression, but the chart didn't drive it, which shows the catalyst did the heavy lifting."
XRP has broken above $1.45 after weeks of compression and is trading near $1.47, up about 3% over the past week. Prior attempts to push higher were rejected because break-even sellers at $1.45 absorbed upward moves, causing quick retracements. The current setup has a triangle apex about two weeks away, creating a narrow window for continuation or failure. Similar breakout behavior occurred with TON and ONDO, where large rallies followed consolidation and were reinforced by specific catalysts. TON surged after Telegram-related developments and ONDO reached an all-time high after token-buying news tied to World Liberty Financial. A move toward $2–$4 depends on both chart continuation and a catalyst such as progress on a Senate Banking Committee bill.
Read at 24/7 Wall St.
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