TradeCityPro | XRP: Key Levels After Major Market News👋 Welcome to TradeCity Pro!
In this analysis, I want to review XRP, one of the most significant coins in the market. Yesterday, a major news update was released about XRP, and with a market cap of $156 billion, it currently ranks 3rd on CoinMarketCap.
📰 Important News Update
Before starting the analysis, let’s go over the major news regarding this project. Yesterday, former U.S. President Donald Trump tweeted that he plans to add a crypto reserve to the U.S. Treasury, stating that major cryptocurrencies like BTC, ETH, SOL, ADA, and XRP would be purchased by the U.S. Treasury.
✅ This is extremely bullish news for the market. As we saw yesterday, Bitcoin made a strong, sharp move, and the altcoins listed in the announcement also experienced massive price surges. For example, XRP surged by 30% following the news.
💥 I will discuss Bitcoin and other coins in future analyses, so make sure to check out today’s Bitcoin analysis, where I’ll also cover long-term scenarios.
📅 Weekly Timeframe
On the weekly timeframe, as seen on the chart, after bouncing along the ascending trendline, XRP confirmed its breakout above $0.73056, which initiated the main bullish leg, pushing the price up to $3.06717.
🧩 $3.06717 is the all-time high (ATH) and a major supply zone.If XRP can hold above this level, the next bullish leg could begin.
✨ In the event of a correction, the only key support visible on the weekly timeframe is $1.67220. For further support levels, we need to analyze lower timeframes.
🔍 The RSI oscillator has exited the overbought zone and returned to normal levels.If RSI re-enters overbought conditions, the bullish scenario becomes more likely.
📅 Daily Timeframe
On the daily timeframe, the first key observation is a strong bearish divergence on the RSI, which formed as price moved sideways inside the range between $2.02967 and $3.30467.
⚡️ The trigger for this divergence is a break below $2.02967, which has not yet happened.
Looking at market volume, after the $0.72448 breakout, volume significantly increased. However, volume has been gradually decreasing since the formation of the range.
📊 A drop in volume before a breakout often signals that a breakout is approaching.If volume continues to decline, be prepared for a potential breakout and enter positions accordingly once triggers are confirmed.
📉 If the range breaks downward, and the PRZ at $2.02967 is lost, XRP could enter a deeper correction toward key Fibonacci levels such as 0.382, 0.5, and 0.618.
💫 These three Fibonacci levels are strong support zones, which could prevent a further sell-off.
📈 On the bullish side, if the range breaks to the upside, a new bullish leg will begin, pushing XRP toward higher targets.If this bullish breakout happens, I will update the analysis with potential new targets.
⏳ 4-Hour Timeframe
Let’s now analyze the 4-hour timeframe and identify futures trading triggers.
🔍 After the drop from the $3.36021 peak, the price reached the bottom of the range, and market volume significantly decreased.This signaled that a major move was approaching.
🔑 As seen on the chart, the release of the U.S. Treasury Crypto Reserve news triggered an explosive move, pushing XRP up to $2.95244.
🔽 For futures trading, the closest short trigger is a break below $2.30010.For earlier short entries, we need to wait for a new structure to form.
🛒 For long positions, if $2.95244 is broken, a long entry can be considered.The main resistance for spot buying and the key long position trigger is at $3.36021.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
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