XRP Charts Indicate Q4 Setup Similar to 2017 Bullish Breakout

XRP is potentially positioning for a major breakout, with current market patterns resembling its 2017 accumulation phase before a significant rally. As Q4 progresses, technical indicators and Bitcoin dominance data suggest a bullish setup may still be viable.

Q4 Outlook: XRP's Possible Bullish Move

Analyst CoinsKid mentions the possibility of a Q4 move for XRP, supported by Bitcoin Dominance (BTC.D) chart data.
If BTC.D weakens, capital might flow into assets like XRP, potentially leading to a surge.
The recent loss of the $1.90 low introduces uncertainty, yet the broader setup remains promising.
For a bullish scenario, Bitcoin dominance must stay below its 5-day resistance level, while XRP should hold above its own support level.

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Wyckoff Blueprint: XRP's 2017 Setup Revisited

Analyst EᴛʜᴇʀNᴀꜱʏᴏɴᴀL notes XRP is in a major accumulation area, aligning with a Wyckoff accumulation pattern.
This pattern involves smart money accumulating positions quietly, setting up a potential strong reversal.
Technical signs indicate growing pressure beneath key support zones, suggesting a strong bullish cycle upon breakout.
Historical parallels are drawn to XRP's 2017 cycle, which saw explosive rallies following similar accumulation phases.

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