XRP

XRP, what are you doing?

156

  • There is a good chance price starts to move sideways. A weekly SIBI has formed at 2.59-2.89 and might be the resistance to keep price sideways.
  • If price does not, I foresee a possible bear retracement occurring.
  • Multiple FVGs are below current price (2.34). A 4HR SIBI rests at around 2.45-2.46. If price does go up, that SIBI might be the resistance to hold prices from elevating upwards.
  • Based on what the charts are showing me, we might be headed to another sell-off.
    Reason for this assumption is due to the 1-day liquidity zone that sits at $1.77. Also keeping in mind that the bottom 1/3 of the weekly FVG has still been untouched.
  • If I was analyzing this chart without experiencing yesterday's (2/2/25) sell-off, I would say that we wouldn't get that low into the FVGs. But yesterday was crazy, and I did not think we could get into those gaps. So I am giving more respect to those gaps with this analysis.




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