After a deep liquidity sweep below the major $2.4–$2.5 demand zone, XRP has shown a sharp rejection and is attempting to reclaim structure above the breakdown level.
This could mark the beginning of a potential trend reversal if bulls manage to sustain above the zone and break past the descending trendline.
💎 Technical Outlook:
• 🔹 Structure: Retest of broken resistance turned support
• 🔹 Demand Zone: $2 tested and defended
• 🔹 Trendline Break: Price attempting to reclaim momentum above descending resistance
• 🔹 Targets:
• TP1 → $3.40
• TP2 → $3.66
• Extended → $4.80
• ❌ Invalidation: 3D close below $2
⸻
📈 Bias: Bullish reversal setup (confirmation needed on close above $2.8)
🕓 Timeframe: 6 to 9 months
This could mark the beginning of a potential trend reversal if bulls manage to sustain above the zone and break past the descending trendline.
💎 Technical Outlook:
• 🔹 Structure: Retest of broken resistance turned support
• 🔹 Demand Zone: $2 tested and defended
• 🔹 Trendline Break: Price attempting to reclaim momentum above descending resistance
• 🔹 Targets:
• TP1 → $3.40
• TP2 → $3.66
• Extended → $4.80
• ❌ Invalidation: 3D close below $2
⸻
📈 Bias: Bullish reversal setup (confirmation needed on close above $2.8)
🕓 Timeframe: 6 to 9 months
AR LABS ⚡️
Official TG Channel: t.me/arfxlabsofficial
Official TG Channel: t.me/arfxlabsofficial
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.
AR LABS ⚡️
Official TG Channel: t.me/arfxlabsofficial
Official TG Channel: t.me/arfxlabsofficial
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.
