The
XRPUSD chart demonstrates a significant rejection and liquidity grab at the 1.9233 level, marking it as a critical point for future price action. This level appears to have acted as a strong support, fueling the subsequent bullish push. Currently, the EMA ribbon remains in a bullish structure, supporting the continuation of the upward trend.The price has tested and bounced off the 2.4690 level, which is now serving as a critical support zone. As long as the price sustains itself above this level, the bullish outlook remains intact, with potential upside targets towards the next resistance levels. However, failure to hold above 2.4690 could lead to a revisit of the 1.9233 zone, where another liquidity event may occur.
The overall structure indicates bullish momentum, but traders should closely monitor the reaction at 2.4690 to confirm the trend's continuation or anticipate a deeper pullback.
👨🏻💻💭 What’s your take on XRP’s next move? Will it hold the bullish momentum or revisit the lower levels? Share your thoughts and let’s discuss!
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Disclaimer
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