- XRP broke below $2 for the first time in two months, triggering a strong bounce
- Key upside targets include the $2.40 range and $3 daily liquidity
- A retest of the fresh daily demand could offer another bullish setup
In the last article, we talked about how XRP had been trapped in an accumulation range for two months — bouncing between $2 and $2.40 with no real direction.
Price was compressing, volatility was shrinking, and you could almost feel the pressure building.
I mentioned that if XRP dipped below the $2 mark, that could be a real opportunity.
Why? Because that level had become too obvious.
Everyone was watching it. Everyone was setting stops under it. And when too many people are leaning the same way — the market tends to do the opposite.
Fast forward to this past Sunday: XRP finally dropped below $2.
It swept that key trendline that had been forming for weeks… and just like that, we got the explosive reaction. A powerful bounce that reminded us all why liquidity grabs can often mark the start of something big.
So where are we now?
From here, I see two main objectives for XRP.
The first is short-term: price might head back toward $2.40 to take out the closest liquidity. This would still be in line with the ranging behavior we’ve seen, but could offer decent trades within the chop.
The second scenario is where things get more interesting.
If this recent move was the start of a larger leg, we could finally see XRP aim for the daily liquidity that’s been sitting untouched above — with a potential push toward $3.
Of course, there are two daily supply zones standing in the way.
These areas could absorb the bullish momentum, so I’d be watching them closely. But if buyers stay aggressive and volume keeps up, that upper liquidity might be just too tempting to ignore.
One last thing to note: if price returns to the newly formed daily demand with imbalance — the one that triggered this recent bounce — it could offer another solid long opportunity.
That zone hasn’t been retested yet, and those setups tend to reward patience.
As always, though: no guarantees. These are possible scenarios, not promises. The market owes us nothing, and price can flip on a dime.
But if you understand structure, liquidity, and where traders are positioned — you don’t need certainty. You just need to be ready.
Trading on BloFin just got a whole lot more interesting. Yes, you read that right: hit the right volume and you could walk away with a MacBook, Apple Vision Pro, or even a $9,400 Rolex.
The higher your volume, the bigger the flex.
