- XRP reaches a new ATH at $2.7 after a month-long rally, breaking key resistance levels
- Market structure on lower timeframes shows a potential pullback or continuation scenario
- Crypto markets remain unpredictable—trade cautiously and stay informed
Ripple’s XRP has reached an exciting milestone, achieving a new all-time high of $2.7. This surge, continuing a month-long bullish rally, has captured traders’ attention across the crypto space.
After such a meteoric rise, the question on everyone’s mind is: will XRP pull back or extend its upward momentum further?
A Closer Look at the Market Structure
Examining lower timeframes, particularly the 5-minute (M5) chart, reveals some interesting dynamics:
- Bearish Structure Broken: Earlier signs of bearish momentum were invalidated as supply zones failed to hold. This allowed XRP to push through and reach the liquidity on the left side of the chart
- Retracement Possibility: Now that this liquidity has been tapped, there’s a growing chance of a retracement. The pullback could begin immediately and follow a reaction to one of the nearby demand zones
What Lies Ahead for XRP?
Breaking through $2.7, a significant psychological resistance, demonstrates strong bullish sentiment. However, after a month of nearly uninterrupted growth, there’s increased potential for a pullback as traders start locking in profits.
Here are the two most likely scenarios:
- A Pullback to Demand Zones: XRP could retrace toward lower demand areas to stabilize before attempting another upward movement.
- Momentum Persists: If buyers step in at current demand zones, XRP could sustain its rally, possibly eyeing higher targets in the near term.
The Uncertainty of Crypto Markets
It’s essential to acknowledge that predicting XRP’s next move is an exercise in educated speculation. Crypto markets remain inherently unpredictable, and XRP could surprise traders in either direction.
A Final Note
The scenarios above highlight possible outcomes, but they are not guarantees. This is not financial advice. Always conduct your own research and exercise caution when trading in such volatile markets.
By staying informed yet cautious, traders can better navigate XRP’s journey in these dynamic times. What’s your take? Could XRP defy expectations yet again?
