- Bullish Daily Structure: XRP remains optimistic on higher timeframes, yet potential retracements loom
- Bearish H1 Trends: Lower highs and lows suggest a short-term decline, driven by liquidity dynamics
- Critical Liquidity Zones: Key levels above and below $2.4 could dictate XRP’s next big move
XRP has been hovering around the $2.4 mark for a week now, moving sideways.
It’s a phase of indecision that often precedes a bigger move, but where will it go next? Let’s break it down from multiple timeframes and see what could be in store.
Daily Timeframe: Bullish Structure, But..
On the higher timeframes like the daily chart, XRP’s structure remains bullish—strongly so.
The trend has been upward, and the market sentiment appears positive. However, markets rarely move in a straight line forever.
This recent explosive upward move is bound to cool off at some point. A retracement seems likely, at least from a theoretical perspective.
But here’s the twist: crypto doesn’t always play by the rules. Instead, it often follows liquidity, and XRP could continue defying expectations.
H1 Timeframe: Bearish Signs Emerging
Zooming into the H1 chart, we see a different picture. The structure here has been bearish, with lower highs and lower lows forming consistently.
This indicates a potential downward move could be brewing.
However, don’t count the bears in just yet. There’s liquidity above the current price levels—enough to tempt XRP to spike higher before potentially resuming a downward trajectory.
At the same time, liquidity below the price acts as a magnet, and XRP might test these lower levels first before bouncing back.
Possible Scenarios
Here are two scenarios that could unfold:
- Liquidity Grab Above, Then Down: XRP could spike above $2.4, take out liquidity, and then start a bearish move.
- Liquidity Grab Below, Then Up: Conversely, it might dive lower to sweep liquidity before staging another bullish rally.
Both are plausible, but let’s be real—this is crypto, where the market often moves unpredictably.
The Big Picture
Ultimately, while these scenarios are well-grounded, they’re just possibilities, not certainties. Price movements can surprise even the savviest traders. This is why it’s vital to have a plan, stick to your risk management rules, and stay flexible.
Disclaimer: This analysis is for informational purposes only and not financial advice. Always do your own research before making any investment decisions.
