XRP has retraced nearly 25% off its local highs after a powerful +90% move in July. Price is now pulling back into a well-defined demand zone around 2.85–2.88, which previously triggered the breakout impulse.
📌 What’s notable:
Clean retest of demand + price hovering above the final bullish structure
EMAs are overhead, but not yet fully bearish — a reclaim could flip short-term bias
The lower demand zone (~2.15–2.25) still stands as a last line of defense from the original rally base
This bounce attempt is key — a strong push from here could send price back toward the $3.30–3.50 region. But if bulls fail to hold, there’s room for a deeper retracement.
Trade Planning Notes:
Aggressive Long: Entry on wick into support with tight invalidation
Conservative Long: Wait for EMA reclaim confirmation
Bearish Case: Breakdown = target $2.25 zone
The path from here decides whether this is a healthy pullback — or the start of a reversal. What’s your play? 👇
📌 What’s notable:
Clean retest of demand + price hovering above the final bullish structure
EMAs are overhead, but not yet fully bearish — a reclaim could flip short-term bias
The lower demand zone (~2.15–2.25) still stands as a last line of defense from the original rally base
This bounce attempt is key — a strong push from here could send price back toward the $3.30–3.50 region. But if bulls fail to hold, there’s room for a deeper retracement.
Trade Planning Notes:
Aggressive Long: Entry on wick into support with tight invalidation
Conservative Long: Wait for EMA reclaim confirmation
Bearish Case: Breakdown = target $2.25 zone
The path from here decides whether this is a healthy pullback — or the start of a reversal. What’s your play? 👇
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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.
Try our strategy optimizer at quanttradingpro.com
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
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.