Date: Tue, May 20, 2025 | 06:32 AM GMT
After witnessing sharp volatility in the past three days, the cryptocurrency market is now showing strong bullish momentum. Bitcoin (BTC) has reclaimed the $105K level, while Ethereum (ETH) is up over 7% today—helping lift sentiment across major altcoins.
Following this positive trend, Real World Asset (RWA) token Ondo (ONDO) has surged by 4%, pushing its monthly gain to 10%. More importantly, a familiar fractal pattern forming on the daily chart is now suggesting that ONDO could be gearing up for a much bigger move ahead.
Fractal Pattern Suggests ONDO Is Following XRP’s Footsteps
According to the latest insights shared by prominent crypto analyst Osemka, ONDO’s recent price action is mirroring a classic breakout structure seen in XRP back in late 2023. A side-by-side comparison highlights how ONDO appears to be moving inside a rising channel, with three key touchpoints (labeled 1, 2, and 3) that resemble XRP’s consolidation before its explosive breakout.
In the left portion of the chart, XRP is shown consolidating in a tight horizontal range between August and October. It formed three peaks at resistance before finally breaking out in November—triggering a strong vertical rally.
ONDO, displayed on the right side of the chart, has also printed a similar 1-2-3 formation within a rising channel. The price currently sits near the lower boundary of this channel, around $0.95. If the fractal plays out, ONDO could soon test the upper boundary again and potentially break out with momentum, just like XRP did.
What’s Next for ONDO?
The key level to watch is the lower trendline of the ascending channel, around $0.90. Holding above this level would keep the bullish setup intact. A successful bounce from this area could be the catalyst that sends ONDO into a full breakout, with $2.13-$3.0 as potential fractal targets.
However, traders should keep an eye on broader market sentiment, especially the price action of Ethereum and Bitcoin. ONDO’s upside will likely depend heavily on continued strength in the overall crypto market.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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