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In our previous analysis of XRP, we highlighted the liquidity resting above the price, visible through a trendline. At the same time, we noted an interesting demand zone below, although with some liquidity sitting underneath it.
XRP price appears to be preparing for a crucial move, with several key levels and scenarios emerging on the lower timeframes.
In our previous analysis, we highlighted the liquidity resting above XRP price, visible through a trendline. At the same time, we noted an interesting demand zone below, although with some liquidity sitting underneath it.
Now, as you can see, XRP has just tapped into our M30 demand zone and reacted accordingly. However
, before dropping lower, XRP appears to have left additional liquidity above. Moreover, on the M15 timeframe, there’s another demand zone that could trigger a strong reaction.
That said, given the liquidity still resting below, I would personally protect any long position early by setting it to breakeven.
But that’s just my take on the matter—let’s dive deeper into XRP price action and the potential scenarios.
XRP Analysis: A Liquidity-Driven MarketTrendlines and Liquidity: What You Need to KnowTrendlines are often seen as entry points, but I prefer to look at them as liquidity zones.
This is because many traders place stop-loss orders above or below these levels, making them attractive areas for price to revisit.
Right now, XRP has formed a clear trendline liquidity above, and price might still want to take those levels out before making a decisive move. At the same time, we have an M15 demand zone that could spark another bullish reaction.
Possible Scenarios for XRPFinal ThoughtsOne thing is certain: no one can predict price movements with 100% certainty. Markets often behave unpredictably, and while these scenarios are based on technical analysis, XRP could still take an entirely different path.
For those actively trading XRP, the key is to manage risk effectively—protect profits, set stop-losses, and stay adaptable.
To all my frequent readers, thank you for your continued support! Wishing you all the best in the world of crypto trading.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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