$XRP DOWN 55% FROM YEARLY HIGH โ WHAT NOW? ๐ฏ
After a 55% decline from the yearly peak,
$XRP is sitting at a structural decision point. The previous swing resistance now acts as a potential supply zone, while the demand zone below has held multiple times since the initial breakdown. Volume is compressing on the daily, suggesting a breakout move is approaching.
The RSI on the weekly is hovering near oversold territory โ the same region that preceded the last major relief rally. This setup typically resolves with either a reclaim of resistance or a liquidity sweep into the demand zone.
Are you looking for a reclaim of resistance or a sweep of the demand zone?
Not financial advice. Always manage your risk.
#XRP #SwingTrade #DemandZone #CryptoAnalysis ๐ฏ