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Cryptocurrency News Articles

Where is XRP Heading Next?

Jan 07, 2025 at 04:56 pm

In our previous analysis, we outlined two potential scenarios for XRP’s price action: a sweep of liquidity below, followed by a reaction toward the supply zone above.

Where is XRP Heading Next?

In our previous analysis, we highlighted two possible scenarios for XRP’s price action: a sweep of liquidity below, followed by a reaction toward the supply zone above.

And guess what? That’s exactly how things played out.

Yesterday was a remarkable day for predictions, not just for XRP but also for Cardano and Solana.

If you missed it, I highly recommend checking out those analyses and comparing them with today’s charts—they’re worth the read.

Where is XRP Heading Next?

Looking at today’s action, XRP seems poised to continue its upward trajectory. Why? Because the higher levels contain significantly more liquidity than the lower ones, making it likely for the price to aim for those zones.

One possible target could be the supply zone above.

As always, it’s essential to recognize these liquidity zones. If you don’t, the market might turn you into liquidity instead—nobody wants that!

A Word of Caution

Let’s be real: no one has a crystal ball. While these scenarios are possible, nothing is guaranteed in the unpredictable world of crypto trading. Markets can reverse or move in unexpected ways, so always trade responsibly and keep risk management in mind.

News source:www.bitcoinsensus.com

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!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Jan 08, 2025