The cryptocurrency market has not regained its composure since the brutal selloff of October 10th<\/strong>. This correction particularly impacted Ethereum<\/a>, which has posted a decline of nearly 27%<\/strong> over the past 60 days, dragging down all major altcoins in its wake. XRP<\/a><\/strong> has not escaped this widespread selling pressure.<\/p>\n\n\n\n The altcoin has dropped more than 25% over the same period<\/strong>, reflecting an overall cautious market sentiment and an absence of bullish catalysts powerful enough to reverse the trend. Trading<\/a> volumes have remained relatively low<\/strong>, a sign that investors prefer to wait for clearer signals before repositioning themselves.<\/p>\n\n\n\n However, beneath this apparent lethargy, the daily chart is beginning to reveal an interesting technical structure<\/strong>. Traders familiar with harmonic analysis may spot the emergence of a promising setup, capable of transforming this consolidation phase into a launchpad for a medium-term recovery.<\/p>\n\n\n\n On the daily timeframe, XRP appears to be forming a bullish harmonic Cypher pattern, a technical configuration renowned for generating impulsive movements when price reaches its Potential Reversal Zone (PRZ).<\/strong> This type of structure relies on precise Fibonacci ratios and offers clearly defined entry and exit points.<\/p>\n\n\n\nA Bullish Cypher Pattern Emerges on the Daily Chart<\/h2>\n\n\n\n