XRP Price Analysis: Trendline Forming Above, Liquidity Building Up

In our last XRP analysis, we discussed how XRP had just touched a high-timeframe demand zone, which had the potential to push the price upward.

This technical analysis discusses XRP's recent price action and identifies potential support and resistance zones for the upcoming price movement.

In the previous analysis, we highlighted a high-timeframe demand zone that XRP had just touched. This zone had the potential to push the price upward, but there was also a nearby supply zone that could act as resistance if the price reacted.

However, XRP completely broke through the supply without any hesitation. This happened because an H4 demand zone will always hold more weight than a smaller supply zone. The market follows structure and liquidity, not random resistance levels.

Currently, XRP is forming a trendline above, which indicates that liquidity is building up. At the same time, there is also liquidity sitting below, which could get taken before we see any significant upward move.

One supply and two demand zones have been marked out that could be important for the next move. It's important to note that these zones are not directly adjacent to the current price, which is acceptable. There is no need to rush into a trade.

Patience is crucial, as retail traders often make the mistake of entering trades too early.

This analysis concludes with the observation that no one can predict the market with complete certainty. XRP may react from these zones or take an entirely different path. The key is to remain patient, observe liquidity levels, and wait for confirmation before making any trades.