XRP could face 800-day sideways trend if historical pattern repeats

Ripple (XRP) is exhibiting price movements similar to a pattern from 2022, and if it repeats, the asset could trade sideways for the next 800 days, or about two years, according to an analysis by Watcher.Guru. The outlet noted that the Bollinger Bands on the XRP/USD weekly chart have narrowed, just as they did four years ago, while the Relative Strength Index (RSI) is also declining. These movements suggest the market has entered an accumulation phase, with the potential for reduced volatility. If the same pattern unfolds, XRP could trade sideways for the next two years before starting a rebound in the latter half of next year, the analysis explained. Watcher.Guru also added that recent macroeconomic uncertainty and geopolitical tensions have hurt the broader risk-asset market. The price of XRP dropped sharply due to U.S. inflation and the U.S.-Iran war, and the likelihood of a U.S. interest rate cut has become extremely low. These factors are a clear negative for high-risk assets like cryptocurrencies, including XRP.