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Cryptocurrency News Articles
XRP (XRP) Price Analysis: Targeting Liquidity Above, Break-Even Strategies Matter
Jan 11, 2025 at 07:34 pm
In our previous XRP analysis, we noticed liquidity building up both above and below the price.
With the release of the Non-Farm Payrolls (NFP) data (13.30 GMT)—a key economic indicator measuring job creation in the U.S.—XRP made a decisive move.
While it didn't clear all the liquidity we identified, it swept a significant portion before rallying to target liquidity above. It hit the first supply zone, reacted slightly, and now appears to be heading for the next supply level.
Why Break Even Matters
Let's talk about break-even strategies—a trader’s safety net. Break-even is the point where your trade no longer incurs a loss because you’ve adjusted your stop loss to your entry point.
Why does this matter? Sometimes, price reacts to supply or demand zones, but not as strongly as we anticipate. Break-even allows you to protect your capital while staying flexible.
What’s Next for XRP?
Shifting our attention to the M15 timeframe, the most probable scenario seems to be XRP targeting liquidity above, interacting with the supply, and eventually moving down to sweep liquidity below.
However, this move might take some time to play out since weekends typically see lower trading volume. Major moves often align with the London Stock Exchange or New York Stock Exchange sessions when liquidity surges.
Be Prepared for Anything
While these scenarios are carefully analyzed possibilities, let's not forget: the market can be unpredictable. XRP might do exactly the opposite of what we expect, and that’s why having a plan—and using tools like break-even—is essential.
Key Zones to Watch:
Keep monitoring the price action, especially as we approach the start of the trading week. Let’s see how XRP plays out!
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.
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