XRP’s accumulation phase seems to be nearing its end, indicating potential significant price movements ahead. Currently priced at $0.5194, XRP shows signs of consolidating around the 100-week moving average, a crucial indicator for long-term trends.

Historically, XRP has accumulated just below this moving average before making notable upward moves. This pattern suggests a bullish breakout might be imminent, as highlighted by top analyst JackTheRippler, potentially driving XRP’s price to $5-$10 in the initial surge. The immediate support level is around $0.5203, where the price has consistently consolidated. Long-term support levels include $0.3000 and $0.2000, with the latter serving as significant support before the major rise in 2020 and early 2021.

The 100-week moving average serves as a significant resistance point. Beyond this, intermediate resistance is around $0.7500, a level where XRP has previously faced resistance. The major resistance level stands at $1.0000, a psychological and historical barrier.

The current trend reveals a descending triangle pattern, with the price consolidating near the $0.5203 support level. This pattern, combined with historical accumulation phases just below the 100-week moving average, points towards a potential bullish breakout.

According to analyst Dark Defender, if XRP breaks above the 100-week moving average and sustains this level, it could signal a strong upward movement. Consequently, the price might target the intermediate resistance of $0.7500 and the significant $1.0000 level.

However, a bearish scenario remains possible if the price fails to maintain above the $0.5203 support level. In such a case, XRP could retest lower support levels at $0.3000 or even $0.2000. Despite this, the accumulation pattern under the 100-week moving average suggests a bullish outlook, with significant upward movement being more likely.