Technical analysis and on-chain data suggest Onyxcoin (XCN) may be poised for a significant breakout, while XRP holders are advised to exercise patience as the token consolidates in what analysts describe as a historical pattern preceding major rallies.
Onyxcoin's price action has entered a tense standoff following a 70% rally over the past month and a subsequent 40% correction from its January highs. Despite a 7% drop in the last 24 hours, the broader bullish structure remains intact. A key development is the collapse of selling pressure, with daily exchange inflows plummeting over 90% from roughly 440 million XCN to just 33 million in two days. Concurrently, on-chain data from Santiment shows whales have begun re-accumulating, increasing their holdings to approximately 42.53 billion XCN after a brief distribution phase.
The token is currently trading within a falling wedge pattern on the 12-hour chart, a typically bullish continuation structure. A confirmed breakout above $0.0093 could trigger a move toward a projected target of $0.0124, representing a potential 38% gain. The risk level is clearly defined; a break below $0.0077 would invalidate the bullish setup and could expose the $0.0041 area.
Meanwhile, XRP has notably lagged behind a broader market rebound that added $20 billion to the total crypto market cap this week. Analyst Cryptollica outlines a historical four-part sequence that XRP's price action often follows before major rallies. According to this analysis, the token is currently in "Part 3" – a prolonged consolidation phase following a peak near $3.4 in January 2025. This phase is described as a test of investor patience, where many may exit prematurely.
Cryptollica's model, which maps patterns from the 2014-2017 cycle onto the current one, suggests that if the historical fractal holds, the subsequent "Part 4" could propel XRP toward $8, a roughly 290% increase from its current price near $2.05. Proponents like developer Bird argue that XRP should be considered for long-term savings, citing potential tailwinds from regulatory clarity, the tokenization of real-world assets on the XRP Ledger (XRPL), potential institutional ETFs, and new stablecoins like RLUSD as sources of future demand.
