⚠️ $XRP retraces toward the FVG area before completing the decline toward the uptrend line.
📍 Monitoring area: 1.5800 – 1.6000
🎯 Targets:
• 1.5398
• 1.5212
• 1.5011
❌ Invalidate the scenario: a 4-hour candle close above 1.6200 and staying above the FVG area.
Technical reasons:
• The current rise appears to be a corrective bounce to retest the FVG.
• Momentum is weakening (Momentum: Falling) as the indicator reaches the overbought (saturation) zone.
• If price fails to break through the FVG and hold above it, then targeting the uptrend line and the lower liquidity is the most likely scenario.
📍 Monitoring area: 1.5800 – 1.6000
🎯 Targets:
• 1.5398
• 1.5212
• 1.5011
❌ Invalidate the scenario: a 4-hour candle close above 1.6200 and staying above the FVG area.
Technical reasons:
• The current rise appears to be a corrective bounce to retest the FVG.
• Momentum is weakening (Momentum: Falling) as the indicator reaches the overbought (saturation) zone.
• If price fails to break through the FVG and hold above it, then targeting the uptrend line and the lower liquidity is the most likely scenario.
