XRP/USD: Navigating the Path to $4+
The XRP market is currently in a complex consolidation phase, with price action resembling a distorted flag pattern. This structure appears to be influenced heavily by market makers engaging in whip-saw behavior across altcoins, creating erratic volatility and liquidity hunts. Given the prevailing bullish sentiment across the market, the potential for a liquidity drain is high before any significant upward movement.
I am anticipating a two-step scenario for XRP’s journey to $4+:
1. A Deep Cut Liquidity Hunt: Price action may dip to key liquidity levels as market makers exploit over-leveraged positions, shaking out weak hands before a strong reversal.
2. Bullish Continuation: Once liquidity is reclaimed, XRP could begin its ascent, driven by renewed buying pressure and macro bullish momentum.
Target Zones for Entries:
I have identified critical levels (green lines) where I believe the liquidity grab could occur. These levels serve as optimal zones for entries
I am anticipating a two-step scenario for XRP’s journey to $4+:
1. A Deep Cut Liquidity Hunt: Price action may dip to key liquidity levels as market makers exploit over-leveraged positions, shaking out weak hands before a strong reversal.
2. Bullish Continuation: Once liquidity is reclaimed, XRP could begin its ascent, driven by renewed buying pressure and macro bullish momentum.
Target Zones for Entries:
I have identified critical levels (green lines) where I believe the liquidity grab could occur. These levels serve as optimal zones for entries
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🔥 TikTok: tiktok.com/@jason.trading
⚡ Telegram: t.me/+gs884ipN3985YTgx
No fluff. Just raw trading insights. 💪 #Crypto #Markets #TradingView
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