- XRP rejected a major supply zone, signaling potential downside.
- Liquidity remains below, making another drop likely before any reversal.
- If supply gets broken, we could see bullish momentum kick in.
In yesterday’s analysis, we discussed how XRP could react at a key supply zone. The reaction would have made even more sense if there had been liquidity to grab before reaching that level.
So, what happened?
XRP moved up towards the supply zone while leaving liquidity below, just as expected. Once it hit the zone, we saw a strong rejection, confirming the presence of sellers.
Now, looking at the M15 timeframe, the structure has turned bearish. This could mean one thing: XRP may continue dropping, targeting the liquidity below before making another move higher.
But let’s break it down step by step.
XRP Analysis: A Closer Look at Price Structure
1. The Supply Zone Reaction
The fact that XRP rejected the supply zone shows that sellers are still in control. If this structure holds, the price might attempt another move downward reacting to another supply.
2. Liquidity Below – A Magnet for Price?
Price tends to hunt liquidity. Since we still have untapped liquidity sitting lower, XRP could move further down to grab it before attempting any reversal.
3. What Happens Next?
- If XRP respects this supply zone , we could see another leg lower.
- If price clears the liquidity below, we might get a strong reaction from buyers.
- If the supply zone gets broken, it would invalidate the bearish setup and could signal a bullish move.
XRP Price Prediction: Key Levels to Watch
- Liquiditý Level: Watch for a reaction when price reaches the liquidity below.
- Supply Zone: If XRP rejects this level again, expect further downside.
- Breakout Confirmation: If price flips the supply zone into support, the bearish scenario is off the table.
Final Thoughts
At the end of the day, we can’t predict the market with 100% certainty. XRP could follow this expected scenario, or it could completely surprise us.
The key? Patience and risk management. The market will show its hand soon enough.
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
