$XRP Is Sitting At A Major Long-Term Decision Zone 👀
One thing stands out on XRP right now: price has been respecting a long-term descending trendline for almost a year, with sellers repeatedly stepping in whenever price approaches the upper boundary.
Now, XRP is back inside a strong demand area after another extended decline. This is an important decision zone because buyers have an opportunity to defend the area and start building a new recovery structure. 📈
The key thing I’m watching is whether price can break the descending trendline and then hold above it. A clean breakout followed by a successful retest could mark a major shift in the long-term structure and open the path toward the higher resistance zones.
I would still avoid chasing the first breakout. Confirmation and a retest would provide a much cleaner setup. If sellers reject the trendline again, however, XRP could remain trapped inside the long-term bearish structure. ⚠️
#LEO524 #XRP #Ripple #Crypto #PriceAction #SMC
Analysis by LEO524
One thing stands out on XRP right now: price has been respecting a long-term descending trendline for almost a year, with sellers repeatedly stepping in whenever price approaches the upper boundary.
Now, XRP is back inside a strong demand area after another extended decline. This is an important decision zone because buyers have an opportunity to defend the area and start building a new recovery structure. 📈
The key thing I’m watching is whether price can break the descending trendline and then hold above it. A clean breakout followed by a successful retest could mark a major shift in the long-term structure and open the path toward the higher resistance zones.
I would still avoid chasing the first breakout. Confirmation and a retest would provide a much cleaner setup. If sellers reject the trendline again, however, XRP could remain trapped inside the long-term bearish structure. ⚠️
#LEO524 #XRP #Ripple #Crypto #PriceAction #SMC
Analysis by LEO524