XRP is consolidating near the value area low of its local trading range, with consecutive lower highs pressing against key support. A breakdown here could trigger sharp downside before reversal.
Price action has shown persistent weakness, with sellers pushing XRP into a critical support region. This level has historically acted as a liquidity zone, making it a pivotal area for both bearish continuation and bullish recovery.
Key Technical Points:
- Consecutive lower highs pressing price into value area low.
- Breakdown could target the POC and 0.618 Fibonacci + VWAP confluence.
- Liquidity at current levels makes it a potential wick zone before reversal.
XRP’s structure suggests a test of the value area low is underway. A decisive breakdown could unleash cascading price action toward the point of control and deeper support levels. However, given the liquidity concentration in this region, a sharp wick is possible before price stabilizes and reverses higher.
Traders should view this zone cautiously, as failed breakdowns could offer bullish opportunities, while successful breakdowns would extend downside momentum.
What to Expect in the Coming Price Action:
If support holds, XRP could bounce back into its trading range. A breakdown, however, risks a rapid move toward the POC and deeper supports before recovery.
Price action has shown persistent weakness, with sellers pushing XRP into a critical support region. This level has historically acted as a liquidity zone, making it a pivotal area for both bearish continuation and bullish recovery.
Key Technical Points:
- Consecutive lower highs pressing price into value area low.
- Breakdown could target the POC and 0.618 Fibonacci + VWAP confluence.
- Liquidity at current levels makes it a potential wick zone before reversal.
XRP’s structure suggests a test of the value area low is underway. A decisive breakdown could unleash cascading price action toward the point of control and deeper support levels. However, given the liquidity concentration in this region, a sharp wick is possible before price stabilizes and reverses higher.
Traders should view this zone cautiously, as failed breakdowns could offer bullish opportunities, while successful breakdowns would extend downside momentum.
What to Expect in the Coming Price Action:
If support holds, XRP could bounce back into its trading range. A breakdown, however, risks a rapid move toward the POC and deeper supports before recovery.
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
