Analyst: Take a Look At XRP on the Hourly. A Move Is About to Happen

XRP has reached a point where price compression and market structure demand attention. After several sessions of controlled consolidation, volatility has narrowed, and directional pressure continues to build. Traders monitoring short-term timeframes increasingly expect resolution as XRP trades within clearly defined technical boundaries.

That expectation was reinforced by crypto analyst Bird (@Bird_XRPL), who highlighted the hourly XRP/USD chart as evidence that a decisive move could occur before the end of the week. His assessment focuses on observable price structure and measured move dynamics rather than speculation.

Ascending Channel Reflects Accumulation

On the hourly chart referenced by Bird, XRP continues to trade within a rising ascending channel. Price has consistently formed higher lows from recent swing bottoms, while sellers have failed to force a breakdown below channel support. This behavior signals steady demand entering the market and suggests accumulation rather than distribution.

Ascending channels often reflect controlled bullish conditions. Buyers gradually push prices higher while allowing brief pullbacks that reset momentum. As long as XRP holds this structure, downside risk remains defined and contained.

Measured Move Targets the $2.69 Level

Bird’s outlook centers on a measured move projection derived from the most recent impulse off local lows. By applying that range to a potential breakout point near the top of the channel, the projected target aligns near $2.69. This level also carries technical relevance, as it sits near prior reaction zones that previously influenced price behavior.

A breakout supported by volume would validate this projection. Without confirmation, the scenario remains conditional, but the technical framework supports the possibility of upward continuation.

Why $2.69 Could Shift Market Sentiment

The $2.69 region represents more than a short-term target. A sustained move into this zone would place XRP above several recent consolidation ranges, altering short-term market structure. Traders often interpret such moves as the transition from consolidation into expansion.

From a momentum perspective, reclaiming higher price territory increases confidence among participants and can attract additional liquidity, reinforcing bullish continuation.

Short-Term Context Favors Resolution

XRP continues to hold key higher-timeframe support levels, and recent pullbacks have failed to produce lower lows. This broader context allows bullish setups on lower timeframes to develop without immediate structural invalidation.

As the weekend progresses, XRP’s interaction with channel resistance will likely determine direction. If buyers maintain pressure, a move toward $2.69 becomes technically plausible. If resistance holds, consolidation may extend, but the current structure suggests that indecision is nearing its end.