Green Candlestick Appears on XRP 3W Chart. Here’s the Impact

Major cryptocurrency rallies rarely begin with dramatic headlines. Instead, they often start with subtle technical signals that appear on higher-timeframe charts long before the broader market notices. Experienced traders frequently monitor these signals because they reveal shifts in momentum that daily charts often fail to capture.

CryptoQuant-verified analyst CW recently pointed to one such development in a post on X, highlighting a notable change in XRP’s three-week (3W) chart structure. According to CW, the latest 3-week candlestick closed around $1.37 on March 9, 2026, forming a green candle that could mark the early phase of a larger bullish trend.

The Significance of the 3-Week Green Candlestick

Higher-timeframe candlesticks carry strong analytical weight because they reflect broader market behavior over extended periods. When a green candle appears after prolonged consolidation, it often signals renewed buying pressure and strengthening market sentiment.

CW explained that the appearance of this green candlestick may indicate the beginning of a full-scale uptrend for XRP. He also noted that several supporting sub-indicators are approaching bullish confirmation levels. When price action aligns with strengthening technical indicators, analysts often interpret the signal as the start of a sustained trend rather than a short-term bounce.

This type of signal has historically preceded significant price expansions across cryptocurrency markets, especially when it appears on multi-week or monthly charts.

Historical Market Phases on XRP’s Chart

The TradingView chart shared alongside CW’s analysis outlines four major phases in XRP’s historical price structure. These phases track the asset’s progression through accumulation, breakout expansion, corrective retracement, and recovery cycles.

Analysts often use such frameworks to understand where an asset currently sits within a broader market cycle. By mapping previous price behavior, they attempt to identify patterns that may repeat during future expansions.

In XRP’s case, the current structure suggests that the market may be transitioning from a prolonged consolidation period into a new growth phase.

Fibonacci Projection Points to $21.5

CW’s analysis also incorporates Fibonacci extension levels, a widely used tool in technical analysis for identifying potential price targets during strong market trends.

The chart applies Fibonacci extensions based on XRP’s previous market peak in 2021 and subsequent retracement structure. Within this framework, the 6.618 Fibonacci extension level emerges as the projected peak of the current cycle.

According to the chart’s calculations, that extension corresponds to a potential price target near $21.5.

While Fibonacci projections do not guarantee future prices, traders frequently monitor these levels because they often act as psychological resistance zones where markets pause or reverse.

Why the Signal Matters for XRP Traders

The emergence of a green candlestick on XRP’s three-week chart does not guarantee an immediate rally. However, higher-timeframe signals often mark the earliest stages of trend shifts that unfold over months rather than days.

If additional indicators confirm the developing structure, analysts will likely view the current signal as an important technical milestone. For many traders watching XRP closely, CW’s observation suggests that the market may be entering the early phase of its next major cycle.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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