- XRP broke a major supply zone, signaling potential upside
- A strong demand zone below could provide a prime entry for longs
- Liquidity above could fuel a breakout, but confirmation is key
In our last XRP analysis, we discussed a crucial supply zone that would determine whether XRP continues its downtrend or starts reversing.
Well, the verdict is in—the supply has been broken, and that could mean one thing: a potential bullish move ahead!
But where would I personally like to buy?
There’s a strong demand zone at the origin of the last impulse that broke through the supply. If price retraces there, it could offer a great buying opportunity.
Plus, there’s liquidity sitting higher, which makes me think XRP might want to grab it next.
That said, let’s dive deeper into the charts and explore potential scenarios.
XRP Analysis: What’s Next After the Supply Break?
1. The Key Supply Zone Has Been Broken
For days, XRP was struggling with a supply zone, and traders were waiting to see if it would hold or break. Well, it’s broken, and that’s a strong shift in structure.
Now, the big question is: will we see a retest before continuation?
2. The Demand Zone to Watch
The area where I’d personally be interested in looking for long positions is the demand zone that started the breakout move.
Often, price likes to return to these zones to gather more liquidity before moving higher.
3. The Liquidity Grab Play
Another thing worth noting: there’s a liquidity pool sitting higher. If XRP does move up, it could be heading there to clear out stops and fuel the next move.
Trading XRP: Be Ready for Any Scenario
As always, nothing is guaranteed in trading.
While I see a potential bullish setup, it’s important to stay flexible. Markets don’t care about what we want to happen—they do what they need to do. That’s why waiting for confirmation before entering is key.
If you’re looking for a top-tier trading platform, Weex offers great tools to help you execute trades efficiently. Keep an eye on this setup, and let’s see how XRP reacts in the coming days!
Disclaimer: The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
