XRP - Choppy Market, Will We See $1.5 Again?

After finishing the 5-wave structure in early 2025, XRP had a rough patch, trading between $3 and $2 and offering some pretty neat swing trade opportunities. Now, two months later, the big question is: will this range continue, or is a breakout on the horizon? Let’s break down the key levels and high-probability setups.

Short Trade Setup

Resistance Zone:

The weekly level and the 0.618 Fibonacci retracement are both around $2.5763 to $2.5792, aligning nicely with each other.
The anchored VWAP from the all-time high at $3.4 adds extra resistance at about $2.63.

Setup Details:

A low-risk short trade can be considered at the weekly level, with a stop-loss set above both the anchored VWAP and the swing high.
Target: The monthly open, aiming for an R:R of about 4:1.

Support Backup:

Additional support in this range comes from the 0.618 Fibonacci retracement (from a low at $1.9 to a high at $2.59), the weekly 21 SMA at $2.28, and a weekly level at $2.0942 just below the monthly open.
This support between the weekly level at $2.0942 and the monthly open is crucial for maintaining bullish momentum. If it holds, the bearish short setup stands; if it breaks, things could get tricky.

Long Trade Setup

When to Consider a Long:

If the support zone mentioned above fails, look for a long trade opportunity at the swing low around $1.77.

Support Confluence:

Primary Support: The swing low at $1.77, with lots of liquidity around that area.

Additional Layers:

The monthly level at $1.5988.
The weekly level at $1.5605 sits just below the monthly.
The 0.618 Fibonacci retracement from the 5-wave structure at $1.5351.
Anchored VWAP from the low at $0.3823, aligning with the weekly level.
And don’t forget the psychological level at $1.5.

Setup Details:

This long trade setup would offer an attractive R:R of roughly 6:1, targeting back to the monthly open for an approximate 33% gain, with a stop-loss placed below the $1.5 mark.

XRP's current trading range has provided some good short and long trade setups, a long opportunity at the swing low ($1.77-$1.5) could be the next big play. Whether you lean towards short or long, finding these confluence zones helps in making more informed, high-probability trade decisions.

If you found it helpful, please leave a like and a comment. Happy trading!

Trade closed: target reached

Unfolded exactly as anticipated! Now it's time for a fresh technical analysis!

SiDec

🏆 Mastering Fibonacci for precision trading

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SiDec

🏆 Mastering Fibonacci for precision trading

🔹 Sharing high-probability trade setups

⚡ Unlock the power of technical analysis!