### Current Wyckoff Phase: Phase D
The price action on the chart strongly suggests that XRP is in **Phase D of a Wyckoff re-accumulation cycle**.
* **Phase A & B:** The period from mid-July to late September, characterized by volatile price swings within a narrowing range, served to stop the prior uptrend and build a "cause" for the next move.
* **Phase C:** The dip in late September can be seen as the "Spring," where the price briefly dropped to shake out weak hands before being quickly reclaimed.
* **Phase D:** The current price action is the most critical. XRP has broken out of the multi-month descending trendline, which is a clear **Sign of Strength (SOS)**. It is now in a pullback phase, testing the broken trendline as new support. A successful hold here would confirm the transition to a markup phase (Phase E).
The price action on the chart strongly suggests that XRP is in **Phase D of a Wyckoff re-accumulation cycle**.
* **Phase A & B:** The period from mid-July to late September, characterized by volatile price swings within a narrowing range, served to stop the prior uptrend and build a "cause" for the next move.
* **Phase C:** The dip in late September can be seen as the "Spring," where the price briefly dropped to shake out weak hands before being quickly reclaimed.
* **Phase D:** The current price action is the most critical. XRP has broken out of the multi-month descending trendline, which is a clear **Sign of Strength (SOS)**. It is now in a pullback phase, testing the broken trendline as new support. A successful hold here would confirm the transition to a markup phase (Phase E).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.