- XRP reacted to the H1 supply zone but left liquidity above, signaling a potential upward move
- The M30 timeframe reveals a key supply zone that could trigger a reaction
- Caution is essential; align trades with your plan and consider breakeven levels
In our analysis yesterday, XRP was caught in a phase of lateral movement, with liquidity left both above and below the price.
Two zones were marked as potential areas for reactions, and the market did not disappoint.
Let’s dive into the current outlook and what could happen next for XRP.
A Look Back: XRP’s Recent Move
As anticipated, XRP moved upward, targeting the liquidity above before reacting at the H1 supply zone we identified. However, the reaction lacked strength, suggesting that there’s still untapped liquidity waiting to be grabbed above.
This behavior underscores an essential point: XRP might still have unfinished business above current levels before considering any significant downward move.
XRP Analysis: What’s Next?
Looking closer at the M30 timeframe, there’s a notable supply zone that could come into play.
If XRP retraces to this area, it could align with the goal of taking out the remaining liquidity above. Traders should monitor this level closely for potential opportunities.
While the possibility of a reaction at this supply zone exists, the strength of the response will determine whether XRP starts to decline or continues its upward journey.
Strategic Trading Tips
- Don’t Rush: With liquidity both above and below, the price could move in either direction before settling into a trend. Patience is key.
- Watch Key Levels: The M30 supply zone is critical. If the price moves into these areas, expect volatility.
- Stick to Your Plan: Always trade with your strategy in mind. If the price doesn’t align with your expectations, it’s okay to step back and wait for better setups.
Final Thoughts
XRP’s current position in the market is one of anticipation. The lack of a strong reaction at the H1 supply suggests that higher liquidity levels are still in play. If the price revisits the M30 supply, it could provide clues for the next move.
As always, stay informed, trade cautiously, and watch those key level
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. Â Read more
