Here's the breakdown of the daily XRP/USDT chart analysis:
🧱 Structure Detected
The chart shows a strong parabolic rally, followed by a pullback from a local high near the top of a rising channel.
Price has retraced and is currently sitting just under the midline of the channel, suggesting short-term weakness but within a larger bullish structure.
📊 Market Bias: Neutral-to-Bullish
Despite the local correction, price remains inside the rising channel, maintaining macro bullish structure.
A rejection near the channel midpoint and recent failure to reclaim that zone puts the short-term in a neutral state, but as long as price holds the lower channel trendline or horizontal support, bulls remain in control on the higher timeframe.
🎯 Bullish Targets
$3.18: High-volume node and prior rejection area (near POC on VPVR) — first key target on reclaim.
$3.50–$4.00: Upper channel extension zone — potential area if momentum resumes.
$5.00: Psychological round number and top of channel expansion zone — long-term stretch target.
🔻 Bearish Levels
$2.70: First major horizontal support (yellow line); key for trend defense.
$2.00–$2.20: Strong volume shelf on VPVR; if $2.70 fails, this is a likely bounce zone.
$0.67: Fibonacci anchor level (plotted on chart); last-resort structure base.
🕰️ Timeframe-Based Targets
Daily Swing Targets:
Upside: $3.18 > $3.50 > $4.00
Downside: $2.70 > $2.20 > $0.67
Weekly: Still bullish as long as price holds above $2.70 — structure remains intact.
🧠 Summary
XRP is currently consolidating inside a rising channel after a strong impulse move. Daily structure remains bullish overall, but recent weakness near the channel midpoint and POC suggests sellers are active. Watch for price to reclaim $3.18 or break below $2.70 for next directional move.
🧱 Structure Detected
The chart shows a strong parabolic rally, followed by a pullback from a local high near the top of a rising channel.
Price has retraced and is currently sitting just under the midline of the channel, suggesting short-term weakness but within a larger bullish structure.
📊 Market Bias: Neutral-to-Bullish
Despite the local correction, price remains inside the rising channel, maintaining macro bullish structure.
A rejection near the channel midpoint and recent failure to reclaim that zone puts the short-term in a neutral state, but as long as price holds the lower channel trendline or horizontal support, bulls remain in control on the higher timeframe.
🎯 Bullish Targets
$3.18: High-volume node and prior rejection area (near POC on VPVR) — first key target on reclaim.
$3.50–$4.00: Upper channel extension zone — potential area if momentum resumes.
$5.00: Psychological round number and top of channel expansion zone — long-term stretch target.
🔻 Bearish Levels
$2.70: First major horizontal support (yellow line); key for trend defense.
$2.00–$2.20: Strong volume shelf on VPVR; if $2.70 fails, this is a likely bounce zone.
$0.67: Fibonacci anchor level (plotted on chart); last-resort structure base.
🕰️ Timeframe-Based Targets
Daily Swing Targets:
Upside: $3.18 > $3.50 > $4.00
Downside: $2.70 > $2.20 > $0.67
Weekly: Still bullish as long as price holds above $2.70 — structure remains intact.
🧠 Summary
XRP is currently consolidating inside a rising channel after a strong impulse move. Daily structure remains bullish overall, but recent weakness near the channel midpoint and POC suggests sellers are active. Watch for price to reclaim $3.18 or break below $2.70 for next directional move.
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.