- XRP showed a strong bullish reaction after hitting a demand zone and sweeping liquidity.
- Despite the reaction, the market structure remains bearish, keeping traders cautious.
- Liquidity above suggests potential for upward momentum, but patience is key.
In our previous analysis, XRP came barreling down toward a key demand zone, where it delivered a strong bullish reaction after sweeping liquidity.
The question now is, could we be looking at the perfect setup for a new all-time high (ATH)? Or is this just a temporary move before another bearish leg? Let’s break it down.
XRP’s Recent Moves: An Overview
The price has taken liquidity to the left, showing signs of potential upward momentum. However, there’s still more liquidity higher up that could attract XRP next.
Does this mean the bulls are back in control? Not quite yet.
Market Structure: Still Bearish
Despite the bullish reaction from the demand zone, XRP’s overall market structure remains bearish. This means we should be cautious about expecting an immediate breakout.
Waiting for the Right Move
At the moment, there isn’t much to act on. The price is in a bit of a no-man’s land, with bearish structure below and liquidity resting above. If you’re feeling impatient, there might be a reaction at the supply zone if XRP leaves liquidity behind on its way up.
However, for those who prefer to play it safe, waiting for clearer confirmation might be the better strategy. After all, as the saying goes, “Patience pays in trading.”
Could XRP Hit a New ATH?
The possibility of XRP targeting the liquidity above and rallying to new highs is on the table. However, it’s important to remember that nothing is guaranteed in the market. The price could easily turn and do the unexpected—it’s all part of the game.
Conclusion
Right now, XRP is at a crossroads. With liquidity higher up and a bearish market structure below, it’s all about waiting for the next significant move. Whether we’re on the brink of a new ATH or just another retest of supply, patience will be key for traders.
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
