Cobot Labs Says XRP's $1.49 Range Mirrors a 2023 Setup That Preceded a 61% Rally
Key Takeaways
- •XRP has consolidated within a narrow trading range for the past ten days and was priced near $1.49 on the morning of Oct. 3, 2026.
- •Blockchain development firm Cobot Labs published a chart-similarity study indicating that XRP's current pattern mirrors a 2023 setup that was followed by a 61% rally.
- •The 61% figure describes the advance that occurred after the 2023 formation referenced in the analysis.
- •Pattern-similarity studies capture only visual correlations between price structures and cannot independently confirm that past results will repeat.
- •Whether XRP holds inside its range or breaks out in either direction will decide if the ten-day consolidation on which the comparison rests remains intact.
XRP price action has spent the past ten days compressing into a narrow trading range, and a chart-similarity study from Cobot Labs, a blockchain technology development firm, argues that the current pattern resembles a 2023 setup that preceded a 61% rally.
The altcoin changed hands near $1.49 on the morning of Oct. 3, 2026. According to the analysis, the structure of the recent consolidation mirrors the formation that preceded XRP's sharp 2023 breakout.
The 61% figure refers to the advance that followed the 2023 formation cited in the study. Pattern-similarity analyses of this kind compare the shape of recent price structures with historical ones; they record a visual correlation and, on their own, do not establish that a prior outcome will recur.
For market watchers, the range itself is the reference point: whether XRP continues to hold inside it or exits it in either direction will determine whether the ten-day consolidation on which the comparison rests stays intact.
This content was first published on COINOTAG.
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