XRP- Golden Pocket or Death Drop? Critical XRP Decision Imminent

Feb 27

Current market structure shows XRPUSD consolidating at a critical support zone around 2.17, where a confluence of factors could drive the next significant move.

📌 Key Zone:
The 2.17 price range aligns with the Golden Pocket (61.8%-65% Fibonacci retracement) and a Fair Value Gap (FVG), creating a strong liquidity zone. This area has been tested several times, showing signs of demand and accumulation 🔍.

🟢 Bullish Scenario:
If the Golden Pocket holds and price shows bullish confirmation with a Market Structure Shift (MSS) or an inverted FVG, the probability for a reversal increases.

🎯 Target:
The first upside target would be the unfilled imbalance (FVG) between 2.36 and 2.39, offering a clean liquidity grab and potential continuation to higher levels.

Entry Confirmation:

• ✅ MSS on lower timeframes (5M/15M)
  
• ✅ Inversion of bearish FVG
  
• ✅ Bullish candlestick patterns
  

🔴 Bearish Scenario:
If the price breaks below the Golden Pocket without bullish confirmation, the next liquidity target lies at the 2.06 price range — a level where the market could sweep lows before a possible reversal.

Entry Confirmation:

• ❌ Clean break and close below 2.17
  
• ❌ Retest of the broken level as resistance
  
• ❌ Bearish order block formation
  

⚙️ Trade Plan:

• Wait for bullish or bearish confirmation
  
• Set alerts at 2.17 and 2.06
  
• Always follow risk management 📊
  

This setup offers high R:R potential if executed with patience. Let price action dictate the move!

What do YOU think? 👇
Will XRP hold this strong support or are we heading lower?

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Feb 28

Trade closed: target reached

Target reached for the given bearish entry conformation.