The Pattern and Its Stakes
CoinsKid, in a recent post on X, outlined a recurring formation on XRP’s daily timeframe. According to his view, this structure is still “at play” and, while it suggests upside toward $6+, it also admits volatility, shakeouts, and bear‑trap moves as intrinsic features while the pattern resolves.
The key is that price must confirm a clean breakout before the bullish thesis can be trusted; until then, both directions remain live.
That pattern is not brand new in concept—CoinsKid invokes a parallel to a setup he followed on BNB last year (then on weekly timeframes). But the tempo has changed: now this behavior is unfolding on a daily scale for XRP, meaning sharper and more frequent whipsaws are to be expected.
There is a pattern that sends #xrp to $6+ we have been traking it for a while now. Until the pattern breaks out, expect volatility even bear trap shakeouts along the way.
The pattern is still at play. it's a similar one we traded on #bnb last year except that it was being… pic.twitter.com/iXRkpKLI5h
— CoinsKid (@Coins_Kid) October 7, 2025
Critical Invalidator: $1.90
No technical setup is meaningful without a decisive invalidation line, and for this thesis, CoinsKid zeroes in on $1.90. If XRP ever prints a decisive daily close below that zone, the bullish count gets nullified and the structure loses its integrity.
This level also corresponds to a June 22 low that CoinsKid refers to as “monumental support,” stating that a break beneath it “changes the game completely.” Therefore, traders should treat $1.90 not as a mere pivot but as a structural boundary—positioning, stops, and risk must all respect it.
Current Technical Context
At present, XRP is trading in a consolidation beneath a descending resistance band. In multiple analyses, it is suggested that the asset is building pressure against a multi‑month trendline, showing strength above key moving averages while being capped overhead.
Meanwhile, a recent report warns of a possible reversal toward the $1.90 area should the support not hold. CoinsKid himself has updated his Elliott Wave view, framing the current pattern as a Wave 4 correction within a descending triangle, with a potential Wave 5 “blow‑off” if $1.90 holds.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Trading Risk, Volatility, and Execution
Because this is a daily‑timeframe formation, volatility is part of the pattern’s DNA. False breaks, intraday liquidity sweeps, sudden reversals—these should be expected. Traders should avoid staking full conviction until the breakout is confirmed with volume and follow‑through.
A prudent approach is to position with a size that allows abiding by the strict invalidation: if $1.90 is breached, losses must be contained. On the upside, if price clears the pattern’s resistance, positions may be scaled in, with trailing stops to guard gains.
This setup is not about catching the top or bottom—it’s about letting the pattern reveal its hand. Provide it space, manage risk, and let structure do the talking.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in‑depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.