NewsBTC
31 October 2025
6 0

XRP Chart Mirrors Gold Right Before Its Parabolic Run

Crypto analyst Osemka compares XRP's current consolidation to gold's final base before its breakout. Key points:

  • XRP/USD on a two-day timeframe is in a reaccumulation range, not a topping pattern.
  • The structure follows an Elliott Wave A-B-C form, ending with a "Spring" after October 10's crash.
  • Price faces resistance near $3.40-$3.66, with a lower boundary around $1.62 labeled as the reaccumulation base.
  • The C wave was fast and terminal, suggesting potential trend continuation.
  • Osemka likens XRP’s setup to gold's past multi-quarter sideways phase, where gold eventually broke to new highs.
  • XRP trades at $2.49, presenting a similar opportunity as gold before its rise.

XRP vs gold: ABC pattern

This analysis suggests XRP might mimic gold's historic breakout if the pattern holds.