XRP supply-and-demand range breakout strategy: 1.55 is the supply zone that’s been pressed down for months. The price has tried to break above it several times but failed—it's also the upper boundary of the range and the line separating bullish and bearish positioning. The current price is 1.57, up 5.1% in 24h. It has already held above this line, turning resistance into support.
With increased volume and a stable hold above 1.55, look for upside demand targets near 1.70—about 10% of the range height. If the price spikes up and then falls back, losing 1.55, that would be a false breakout; the price would move back into the range and consolidate. On the downside, look to 1.50 as the line of defense. Whether the breakout “counts” ultimately depends on whether volume follows.
#XRP
With increased volume and a stable hold above 1.55, look for upside demand targets near 1.70—about 10% of the range height. If the price spikes up and then falls back, losing 1.55, that would be a false breakout; the price would move back into the range and consolidate. On the downside, look to 1.50 as the line of defense. Whether the breakout “counts” ultimately depends on whether volume follows.
#XRP