XRP has been locked in a sideways range since early April, bouncing between $1.90 and $2.45 for nearly 3 months.
Now, it’s pressing into the top of that range once again — and traders are watching closely for either a confirmed breakout or another fakeout rejection.
📊 Technical Breakdown:
🔹 Sideways Since April: The structure has been consolidative and indecisive.
🔹 BOS 1 + BOS 2: Each break of structure led to temporary rallies — but failed to hold above resistance.
🔹 Trap Zone Identified: ~$2.45–$2.50 has repeatedly acted as a liquidity magnet.
🔹 Fakeout Risk Still Present: Without strong follow-through, this could reverse into the range again.
📈 Breakout Scenario:
• Clean candle close above ~$2.50
• Targets: $2.90 and $3.20
• Look for volume confirmation
📉 Rejection Scenario:
• Wick into resistance + bearish engulfing
• Back to midrange or support zone ~$2.10
Now, it’s pressing into the top of that range once again — and traders are watching closely for either a confirmed breakout or another fakeout rejection.
📊 Technical Breakdown:
🔹 Sideways Since April: The structure has been consolidative and indecisive.
🔹 BOS 1 + BOS 2: Each break of structure led to temporary rallies — but failed to hold above resistance.
🔹 Trap Zone Identified: ~$2.45–$2.50 has repeatedly acted as a liquidity magnet.
🔹 Fakeout Risk Still Present: Without strong follow-through, this could reverse into the range again.
📈 Breakout Scenario:
• Clean candle close above ~$2.50
• Targets: $2.90 and $3.20
• Look for volume confirmation
📉 Rejection Scenario:
• Wick into resistance + bearish engulfing
• Back to midrange or support zone ~$2.10
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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.