As of today, XRP appears to be entering another accumulation phase, according to a TradingView analysis by Unichartz. This phase could signal either bullish or bearish trends for the altcoin.
Unichartz notes that this accumulation trend began in May and mirrors a similar phase from 2025. Historically, such phases have led to significant breakouts, but patience is crucial due to the drawn-out nature of XRP's accumulation periods.
The analyst advises waiting for a clear breakout before making any moves, with the upper range boundary around $3. Meanwhile, analyst FenzoFx highlights the critical support level of $2.08, which aligns with the weekly resistance and a bullish Fair Value Gap (FVG).
If XRP maintains above $2.08 and consolidates above $2.1, the next target is the $2.21 resistance. However, a close below $2.08 could lead to a downtrend, potentially targeting $2.00.