XRP continues to respect key levels, delivering clean setups and strong technical reactions.
📉 Recent Price Action Recap
After the flush from $3.65 into the $3.00 support zone, XRP printed a solid bounce back toward the $3.30 resistance area, forming a clean short setup between $3.30–$3.35.
Price is now trading mid-range within the 6-day consolidation.
🟢 Next High-Probability Long Setup
A prime long opportunity lies between $2.96 and $2.9175 sitting within a key daily order block.
Confluence at this zone includes:
📈 Long Trade Setup
💡 Educational Insight
This setup is a great example of how multiple tools layered together (like Fibonacci levels, VWAPs, order blocks and liquidity zones) can significantly increase the probability of a trade playing out.
When structure, volume-based tools and time alignment all point to the same area, it creates a high-confluence trade zone. These are the areas where risk is most defined and reward is most favourable, a principle every technical trader should anchor their strategy around.
_________________________________
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📉 Recent Price Action Recap
After the flush from $3.65 into the $3.00 support zone, XRP printed a solid bounce back toward the $3.30 resistance area, forming a clean short setup between $3.30–$3.35.
Price is now trading mid-range within the 6-day consolidation.
🟢 Next High-Probability Long Setup
A prime long opportunity lies between $2.96 and $2.9175 sitting within a key daily order block.
Confluence at this zone includes:
- Liquidity pool just below the $2.9555 swing low
- Anchored VWAP from the $1.9083 swing low resting just under the block
- 0.618 Fib Speed Fan lining up as dynamic support (July 30 – Aug 2)
- 2.272 Trend-Based Fib Extension at $2.9297
📈 Long Trade Setup
- Entry Zone: $2.96 – $2.9175
- Stop Loss: Below anchored VWAP (clear invalidation)
- Target: $3.1/$3.13+
- R:R: ~1:3+
💡 Educational Insight
This setup is a great example of how multiple tools layered together (like Fibonacci levels, VWAPs, order blocks and liquidity zones) can significantly increase the probability of a trade playing out.
When structure, volume-based tools and time alignment all point to the same area, it creates a high-confluence trade zone. These are the areas where risk is most defined and reward is most favourable, a principle every technical trader should anchor their strategy around.
_________________________________
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Want breakdowns of other charts? Leave your requests below.
Trade closed manually
XRP failed to flip the monthly open into support. Exiting all long positions for now. 
🏆 Mastering Fibonacci for precision trading
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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.
🏆 Mastering Fibonacci for precision trading
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
Related publications
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.