XRPUSD – Compression Before Expansion?
After a strong rally from late 2024 that peaked near $3.40, XRPUSD has been in a gradual downtrend with a current price around $2.08.
Over the past few weeks, price has entered a sideways consolidation zone between $1.95 and $2.20, showing signs of indecision and low volatility. This structure often precedes explosive moves.
📌 Key Levels to Watch:
Support Zone: $1.90 – $1.95
Resistance Zone: $2.20 – $2.25
Breakout Target: $2.50 – $2.70 (if resistance breaks)
Breakdown Target: $1.75 – $1.60 (if support fails)
🔍 Market Outlook
The overall market structure remains bearish, but signs of a potential short-term reversal or relief bounce are forming.
A breakout or breakdown from this tight range will likely determine XRP's direction for the rest of the month.
Traders should monitor these levels closely, as a decisive move is likely within the next 5–10 days.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.
After a strong rally from late 2024 that peaked near $3.40, XRPUSD has been in a gradual downtrend with a current price around $2.08.
Over the past few weeks, price has entered a sideways consolidation zone between $1.95 and $2.20, showing signs of indecision and low volatility. This structure often precedes explosive moves.
📌 Key Levels to Watch:
Support Zone: $1.90 – $1.95
Resistance Zone: $2.20 – $2.25
Breakout Target: $2.50 – $2.70 (if resistance breaks)
Breakdown Target: $1.75 – $1.60 (if support fails)
🔍 Market Outlook
The overall market structure remains bearish, but signs of a potential short-term reversal or relief bounce are forming.
A breakout or breakdown from this tight range will likely determine XRP's direction for the rest of the month.
Traders should monitor these levels closely, as a decisive move is likely within the next 5–10 days.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.