#XRPPredictions
Market breakdown
Where Price is Right Now (~$1.11)
Price is currently sitting inside a small yellow consolidation box right around $1.11.
The Two Scenarios to Watch
#1 Bearish Continuation: A breakdown below the current yellow box targets the lower grey demand zone ($0.78 – $0.89), where institutions might look to buy again.
#2 Relief Pullback: A bounce from here would likely push up into that upper grey zone ($1.62 – $1.86) to rebalance the imbalance (FVG) before deciding its next long-term move.
Key takeaway: The market is currently in a downtrend/redistribution phase on the weekly chart, moving from high liquidity above down toward the major demand block sitting at $0.78–$0.89.
Market breakdown
Where Price is Right Now (~$1.11)
Price is currently sitting inside a small yellow consolidation box right around $1.11.
The Two Scenarios to Watch
#1 Bearish Continuation: A breakdown below the current yellow box targets the lower grey demand zone ($0.78 – $0.89), where institutions might look to buy again.
#2 Relief Pullback: A bounce from here would likely push up into that upper grey zone ($1.62 – $1.86) to rebalance the imbalance (FVG) before deciding its next long-term move.
Key takeaway: The market is currently in a downtrend/redistribution phase on the weekly chart, moving from high liquidity above down toward the major demand block sitting at $0.78–$0.89.
