XRPUSD is trading around $2.34, and it's bumping into heavy supply near $2.58—a zone where price previously reversed with force. This chart is screaming caution for late bulls.
What’s Happening?
$2.58 Supply Zone – Strong institutional sell zone. Price got sharply rejected here after a quick pump.
$2.31 - $2.26 Support Range – If broken, it opens the door to deeper drops.
$1.72 Demand Zone – High-volume area and potential bounce zone if the downtrend continues.
Why This Matters: XRP is forming lower highs after a supply zone rejection. If price fails to reclaim and close above $2.58, we could see a strong drop toward $2.15 or even $1.72.
My Game Plan:
Watching for a bearish confirmation below $2.30 to consider short entries.
Will look for buy setups only near the $1.72 demand zone or if price reclaims $2.58 convincingly.
What’s your XRP plan?
Are you loading up or waiting for the dip?
#XRP #Ripple #XRPUSD #CryptoTrading #PriceAction #SupplyAndDemand #FrankFx
What’s Happening?
$2.58 Supply Zone – Strong institutional sell zone. Price got sharply rejected here after a quick pump.
$2.31 - $2.26 Support Range – If broken, it opens the door to deeper drops.
$1.72 Demand Zone – High-volume area and potential bounce zone if the downtrend continues.
Why This Matters: XRP is forming lower highs after a supply zone rejection. If price fails to reclaim and close above $2.58, we could see a strong drop toward $2.15 or even $1.72.
My Game Plan:
Watching for a bearish confirmation below $2.30 to consider short entries.
Will look for buy setups only near the $1.72 demand zone or if price reclaims $2.58 convincingly.
What’s your XRP plan?
Are you loading up or waiting for the dip?
#XRP #Ripple #XRPUSD #CryptoTrading #PriceAction #SupplyAndDemand #FrankFx
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✅ AUTOMATED BOT: bot.frankfxx.com/
✅ICMARKETS frankfxx.com/icmarkets
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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.