Market analyst Mr. Xoom recently shared an update on XRP’s technical position, suggesting that the asset continues to maintain its broader market structure despite recent fluctuations.
His analysis, accompanied by a detailed TradingView chart, highlights the persistence of XRP’s sideways consolidation phase, which has dominated price action in recent months. According to his assessment, there is no cause for alarm among holders, as the underlying formation remains intact.
The chart shared by Mr. Xoom displays XRP trading near $2.87, reflecting minimal deviation from recent averages. The chart shows that the price remains within a defined horizontal range, with visible resistance around the $3.00 to $3.20 zone and clear support between $2.70 and $2.75. A descending trendline extending from earlier highs suggests a gradual tightening of price movement as XRP tests both structural boundaries.
I don't understand those who are getting scared, all structures are still in place and XRP is just moving sideways. pic.twitter.com/44jkq6ASzr
— xoom (@Mr_Xoom) October 8, 2025
Technical Analysis and Market Context
The key takeaway from Mr. Xoom’s post is the preservation of the overall market framework. Despite intermittent volatility, XRP continues to respect major support and resistance levels, implying that long-term holders are observing consistent technical behavior rather than breakdowns.
The analysis suggests that the $2.70 region is acting as a crucial support base, preventing deeper declines, while repeated rejections near $3.00 indicate unresolved buying pressure above that level.
In the broader context, this type of consolidation often precedes a decisive move, but Mr. Xoom’s view implies that current conditions remain stable rather than bearish. The downward sloping trendline from the July peak continues to serve as a dynamic resistance, constraining upward momentum.
If XRP sustains its structural integrity near support levels, the likelihood of a breakout attempt later in the quarter could increase, provided overall market sentiment improves.
Community Reactions and Diverging Opinions
The post attracted mixed opinions from community members. Some traders echoed Mr. Xoom’s confidence in the existing market structure, while others expressed frustration over the prolonged consolidation. Commenter Mike Steinbrink noted that he was not fearful but rather impatient, emphasizing that long-term holders have maintained their positions for years and remain committed.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Another observer, Brendan, took a more skeptical view, describing XRP’s trajectory as stagnant rather than stable. Skolman reinforced that perspective, stating that XRP’s sideways movement has been a long‑standing characteristic, lasting for several years without substantial forward progress.
These differing responses reflect the division between patient investors awaiting structural confirmation and traders seeking more immediate price action.
Market Stability Amid Patience and Fatigue
Mr. Xoom’s analysis offers a structured view of XRP’s ongoing consolidation, emphasizing technical consistency over short‑term fluctuations. His position underscores that the market remains within expected parameters, and the established framework continues to guide XRP’s trajectory.
While community sentiment ranges from patient optimism to evident fatigue, the technical picture, as outlined in his chart, supports the view that XRP is maintaining equilibrium between key support and resistance zones.
At present, XRP’s ability to sustain the $2.70 support while testing resistance near $3.00 will determine whether this extended consolidation continues or transitions into a breakout phase.