XRP’s price has continued its upward trend, forming a distinct five-wave pattern often called the ‘Staircase to Valhalla’. This pattern showcases steady consolidations followed by measured expansions. Market data indicates firm demand, stable liquidity, and orderly retracements above the $2.16 support zone. The pattern is supported by rising open interest on derivatives exchanges and balanced long-short positioning across major platforms.
Analysts attribute this price rise to expanding decentralized finance (DeFi) applications and increasing institutional investment in XRP. The current chart structure, often depicted as a staircase, provides clear checkpoints and consolidation zones that mark potential expansion points.