XRP/USDT pair analysis based on the attached chart and liquidity news:
Technical data:
1. Main levels:
Buy Zone 1: (lower green zone) Strong support zone, indicating historical buying interest.
Buy Zone 2: Upper support zone, shows buyers continuing to defend.
Buy Zone Break: A potential break of this zone may indicate weakness in buyers and dominance of sellers.
Goodbye Token Zone: If broken, it may indicate a strong bearish phase for the token.
2. Change in Structure (CHoCH): There is a clear change in structure, indicating the beginning of a reversal or correction.
Current trend: shows a correction period with a possible test of the lower liquidity areas.
3. Liquidity:
Liquidity concentration in the green zone (Buy Zones) shows the potential for increased buyers when prices test these zones.
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News and general context:
1. Market movement:
Strong drop in overall liquidity with selling pressure impacting XRP performance. Current price at $2.107 indicates testing of a sensitive area.
If positive news emerges such as new partnerships or legal developments supporting XRP, we may see a strong bounce.
2. Time analysis:
The correction is expected to continue in the coming days towards Buy Zone 1 if confidence is not restored.
A Buy Zone Break will push the price towards the Goodbye Token Zone with a potential drop to levels below $2.
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Proposed strategy:
1. For the scholars:
Close monitoring of price action at Buy Zone 1.
Enter small buy trades when the zone is tested with a tight stop loss below the Goodbye Token Zone.
2. For investors:
Focus on news related to liquidity or institutional adoption.
A pullback to deeper support areas could be a long-term buying opportunity.
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Conclusion: The chart shows a corrective condition, with short-term signs of weakness. The next move depends on the price’s ability to hold above Buy Zone 2.
AN MISSION FOCUSED TEAM
