#XRP $XRP

Analysis of XRP: Current Situation and Expectations

The recent aggressive upward movement in XRP occurred without a clear liquidity sweep from lower levels. This suggests that the market remains overheated and could be setting up for a correction. Such dynamics are often indicative of large players locking in profits while waiting for more favorable conditions to re-enter.

Key Levels:

Main Level: $2.2. A close below this level on the 4H or 1D timeframes would signal, in my opinion, a potential move toward $1.4 or even $1.0.

Resistance: If XRP continues its upward movement, major resistance levels are located at $4.0 and $7.5.

Strategy and Approach:

I prefer waiting for the price to return to more comfortable levels before making decisions. Specifically, $1.4 appears to be a zone where it could be more advantageous to accumulate positions. There is no need to rush, as the market provides opportunities daily. Remember, trading is a serious endeavor requiring analysis and careful planning.

Conclusion:

I wish all traders who take their work seriously successful trades. For those who are just starting, don’t hesitate to learn and ask questions. If you’re interested in coin analysis or sharing your insights, feel free to reach out—I’d be happy to discuss.

Thank you for your attention, friends! Wishing you success in trading and only the best results.