XRP Analysis: Missed Entry, New Setup

Yesterday, we talked about how XRP's drop could create a solid buying opportunity. The plan was simple—wait for a reaction at a demand zone with

Yesterday, we discussed how XRP's potential drop could present a solid buying opportunity. The strategy was straightforward: anticipate a reaction at a demand zone with nearby liquidity.

However, instead of reaching those lower levels, XRP exhibited an early bounce, reacting to a higher demand zone. So, what's the next move?

Analyzing XRP's Missed Entry and New Setup

For traders who were waiting to enter at lower levels, this latest move may have been frustrating. But it also hints at something interesting: XRP has left liquidity untouched at lower levels.

This factor could play a crucial role in its next move.

Taking a Closer Look at Liquidity Zones

Currently, XRP has a couple of critical areas to watch:

Demand Zone: Around $0.36 to $0.35. This zone, if reached again by XRP, could provide support and potentially trigger a bullish reaction. It also aligns with a fib retracement level (0.5).

Liquidity Zone: Between $0.33 to $0.31. As XRP dropped earlier, it created liquidity in this range, which could now act as resistance if price attempts to retrace back into it. Notably, this zone also aligns with another fib retracement (0.618).

Should We Expect a Retracement?

Ideally, I'd prefer XRP to leave the liquidity above untapped for now, as it would give us a clear target if price returns to a demand zone. However, if it does go up first, that could change the whole setup.

The Market is Unpredictable

As always, nothing is guaranteed. Price action can shift in ways we don’t expect, and XRP could still make an unexpected move. The key is to stay flexible and react based on what price actually does—not what we hope it will do.

📊 Final Thought: If XRP retraces, I’ll be watching for entries at strong demand zones. If it keeps pushing up, we’ll reassess. Either way, this market always keeps us on our toes!