XRP Holds Bull Market Structure Above Monthly Supertrend

XRP has been stuck in consolidation for about a year now, but the long-term picture still looks bullish. The token’s been trading above its Monthly Supertrend indicator this whole time, which basically means we’re still in bull market territory despite the sideways action. The chart clearly shows past bear and bull phases, and right now XRP is sitting comfortably above that key Supertrend level.

The Monthly Supertrend has been a pretty reliable compass for XRP over the years. When the price dropped below it, we saw those ugly bear markets drag on for months. When it stayed above, bulls were in charge. What’s interesting now is that even though we’ve been consolidating forever, XRP hasn’t lost its spot above the Supertrend, which tells us the bears haven’t been strong enough to flip the broader trend.

“XRP holding above the Monthly Supertrend suggests that the broader cycle remains constructive, even as price continues to range.”

Looking at historical patterns, XRP’s previous bull runs often kicked off after long, boring consolidation phases just like this one. Sure, momentum has cooled off, but we’re not seeing the warning signs of a real trend reversal. Instead, this looks more like consolidation within a bull market rather than a breakdown into bear territory.

Why does this matter? Long-term trend indicators like the Monthly Supertrend help us understand the bigger market regime, not just day-to-day moves. As long as XRP keeps holding above this level, the data backs up the idea that we’re still in a bull market structure, not sliding into a new bear phase.

My Take: The Monthly Supertrend is telling us what we need to hear – XRP’s bull structure is intact. Yeah, the consolidation is frustrating, but staying above this key level during such a long sideways grind is actually bullish. Patience might pay off here.

Source: ChartNerd