XRP may be approaching an inflection point as the closely watched chart pattern tightens at its peak and broad “risky” signals for flash equities, according to XRPL developer Bird (@Bird_XRPL).
In a series of posts on X, Bird, the developer behind the XRPL meme coin DROP, pointed to XRP’s hourly formation as planning a decisive move “before the end of the week,” arguing that a technical breakout could accelerate the near-term goal.
“Watch XRP hourly. A move is about to happen before the end of the week,” Bird wrote alongside a chart showing a contract triangle with price pressing the tip. “A moderate move higher could push us towards the $2.69 mark eventually putting us in ‘bull run’ mode.”
Russell 2000 Breakout Puts XRP on Alert
Beyond the short-term pattern, Bird emphasized his thesis on US small caps, arguing that the behavior of the Russell 2000 has been historically significant for XRP and the broader altcoin complex.
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“The Russell 2000 is about to close its highest weekly close in history. That’s important for ALOT in XRP,” Bird said. “Historically, XRP and altcoins have always tracked the Russell 2000 very closely. The real risk for the index is mid caps (not mega caps like the S&P or MAG7 where most of the money is frozen).”
Bird’s argument is that XRP still trades more like a medium-risk asset than a proxy mega-cap “store of value,” making Russell’s exit a useful big statement when the cryptocurrency turns back to high-beta exposure. He described the current backdrop as “circulating money” and a “risk … return,” suggesting the market may be entering a window where the position can change quickly if the narrative is consistent.
In a long series of follow-ups, Bird described XRP’s extended consolidation as increasingly inconsistent with what he views as major positive trends across risk assets.
“We’re in a real clinical period for XRP. We’ve been on the sidelines for over a year, yet the Russell 2000 is now fully priced, some stock markets are at long-term highs, metals are high, and Bitcoin’s dominance is falling from historically lost levels,” he wrote.
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Bird also pointed to the previous episode as a point of reference: “In November ’24, Russell turned green and XRP worked like a parabolic about 10 days later,” he said, arguing that this time Russell has gone further by finding highs and holding power during the set periods. In his view, the remaining limit is rotation, not necessarily a sharp withdrawal of metals or other goods, but simply a temporary suspension that allows the dangerous appetite to regain its value.
In the specific context of XRP and Ripple, Bird said “purchases made, partnerships initiated, NDAs lifted, legal transparency created,” and argued that the market is approaching a point where “one story, catalyst, or push can quickly ignite XRP.”
A key near-term test is whether the strengthening of the technical structure resolves to the upside as Bird expects and whether the risk of the various assets continues to support alt beta. If the two coincide, Bird’s framework suggests that traders will be watching for a break that could carry XRP to the $2.69 target and, in his view, potentially open the door to a fast path to new cycle highs.
At press time, XRP traded at $2.06.
The featured image was created with DALL.E, a chart from TradingView.com
