- XRP just took liquidity below—could the next move be up?
- A fake-out at “support” is possible before the real breakout
- The demand zone above is key—watch for bullish confirmation
XRP has been in an uncertain zone, with liquidity pools forming both above and below.
In our last analysis, we anticipated a move to grab liquidity beneath, and that’s exactly what happened.
Now, the question is: where is XRP headed next?
From a technical perspective, I believe this liquidity level to the left is at risk of being taken.
But before that happens, we could see the price act like it’s reacting to a so-called “support” level—only for it to be a trap before moving toward the demand zone above.
But remember, nothing is guaranteed. The market moves unpredictably, and while these are possible scenarios, XRP can still surprise us.
XRP Analysis: Understanding the Current Setup
1. Liquidity Grabs and Market Psychology
XRP has already taken liquidity from the lower levels, which was expected.
But what’s next?
If history repeats itself, the price might fake a reaction at this apparent support before heading higher. This is a classic move where traders get trapped, only for the market to move in the opposite direction.
If you’ve been trading for a while, you know that support levels are often just liquidity pools in disguise. And that’s exactly what seems to be happening here.
2. Watching the Demand Zone Below
One key area to watch is the demand zone below, where buyers may step in. If XRP reaches this level, we could see a strong reaction, potentially fueling another push upward.
But patience is key—rushing into trades before confirmation can be risky. Let the market show its hand before making a move.
3. What’s Next for XRP?
So, does this mean XRP is set for a breakout? Not necessarily. While these setups provide a roadmap, the market ultimately does what it wants.
- If XRP takes liquidity from the left and holds above, we might see a solid push higher.
- If it fails to hold the demand zone, we could be looking at another drop.
Either way, this is a moment to stay sharp. No bias, just pure reaction to price movements.
Final Thoughts: Stay Prepared
If you’re trading XRP, be aware of the liquidity traps in play. The next move could be big, but smart traders wait for confirmation.
Also, if you’re looking for a low-fee trading platform, check out Weex—a solid option for active traders.
Let’s see how XRP plays out. Are you bullish or bearish?
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
