- XRP Hits $2.90 ATH: Ripple’s price surged to new all-time highs, signaling strong market interest
- Demand Zones in Focus: Key levels below could attract buying pressure, providing support for future moves
- Uncertainty Ahead: XRP could consolidate, retrace, or aim for new highs—watch for reactions at major liquidity pockets
Ripple’s XRP has recently captured attention by hitting an all-time high (ATH) of $2.90. Let’s break down the price action across different time frames to understand what could happen next.
Weekly Chart Analysis
On the weekly chart, XRP’s recent climb to $2.90 marks a significant milestone. After reaching this ATH, the price showed a sharp reaction.
Such a movement often indicates profit-taking or a shift in sentiment. For now, the key focus is to analyze whether XRP consolidates at this level or begins a retracement toward lower support areas.
H4 Chart Analysis
Zooming in on the H4 time frame, XRP has been in a steady uptrend for nearly a month. This sustained rally suggests strength, but it also highlights the potential for a correction.
Key levels to watch include areas of demand—zones where buyers are historically active, causing the price to rebound. Demand zones often act as critical support during retracements.
Additionally, there’s liquidity below the current levels. Liquidity refers to areas where traders have placed stop-losses or pending orders, typically near previous lows. Price often “grabs” this liquidity before resuming its trend.
M15 Chart Analysis
Dropping to the M15 time frame, we see XRP’s move to $2.90 as a liquidity hunt. The price tapped into liquidity from previous sellers anticipating a retracement, then sharply reversed.
Interestingly, XRP reacted to a demand zone we identified in a prior analysis.
This short-term behavior suggests that the market could consolidate further or test higher supply zones. A supply zone is an area where selling pressure is expected to emerge, potentially leading to a downward move.
What Comes Next?
At this point, the direction for XRP remains uncertain:
- Bullish Scenario: XRP could break consolidation and aim for higher levels, fueled by renewed buying pressure
- Bearish Scenario: The price might retrace to fill liquidity pockets and test key demand zones before resuming its uptrend
Patience is key. Observing how XRP reacts to these levels over the coming days will provide more clarity.
Important Note
This analysis is for informational purposes only and not financial advice. The cryptocurrency market is inherently volatile, and prices can behave unpredictably. Always perform your due diligence before making trading decisions.
