XRP Game Plan
📊 Market Sentiment
Market sentiment has slightly shifted as expectations for a 0.25 bps cut in September are no longer strongly priced in. Current probabilities still show around a 60% chance of easing, but overall, the market remains uncertain. This uncertainty has led to risk-off moves and sell-offs across multiple assets, starting with NQ and extending into crypto.
📈 Technical Analysis
Price is retracing towards a higher timeframe (HTF) key support level.
The main liquidity zone sits around $2.73, where I would expect a significant bounce.
📌 Game Plan
I expect price to run into the $2.73 liquidity zone and close back above it. From there, I will look for price to reclaim the HTF key level as confirmation of bullish continuation.
🎯 Setup Trigger
I will monitor the 4H market structure for confirmation before initiating a position.
📋 Trade Management
Stoploss: 4H swing low confirming the BOS
Targets:
TP1: $3.14
TP2: $3.38
💬 Like, follow, and comment if you find this setup valuable!
⚠️ Disclaimer: This content is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Always do your own research before making any financial decisions.
📊 Market Sentiment
Market sentiment has slightly shifted as expectations for a 0.25 bps cut in September are no longer strongly priced in. Current probabilities still show around a 60% chance of easing, but overall, the market remains uncertain. This uncertainty has led to risk-off moves and sell-offs across multiple assets, starting with NQ and extending into crypto.
📈 Technical Analysis
Price is retracing towards a higher timeframe (HTF) key support level.
The main liquidity zone sits around $2.73, where I would expect a significant bounce.
📌 Game Plan
I expect price to run into the $2.73 liquidity zone and close back above it. From there, I will look for price to reclaim the HTF key level as confirmation of bullish continuation.
🎯 Setup Trigger
I will monitor the 4H market structure for confirmation before initiating a position.
📋 Trade Management
Stoploss: 4H swing low confirming the BOS
Targets:
TP1: $3.14
TP2: $3.38
💬 Like, follow, and comment if you find this setup valuable!
⚠️ Disclaimer: This content is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Always do your own research before making any financial decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.