đ $XRP Daily Chart: Range Play Around $1.40
$XRP is trading near $1.40, and the daily chart shows a clear structure.
What I see
After the slide toward $1.00, a high-volume spike pushed price up to about $1.70. The long wick shows sellers defended that area hard. Since then XRP has moved in a wide range of roughly $1.25 to $1.65. The latest leg down from about $1.50 was bought near $1.32, and price is now stabilizing around $1.40. Todayâs candle is still open, so treat it as unconfirmed.
Levels Iâm watching
Support: $1.32 (recent wick low), then $1.25 (range low) Resistance: $1.50, then $1.65 to $1.70 (range high)
Scenarios
đą Price holds above $1.32 and reclaims $1.50, which opens a retest of $1.65.
đĄ Price chops between $1.32 and $1.50 while the market waits for a catalyst. This is the most likely outcome while the range holds.
đŽ A daily close below $1.30 on strong volume puts the $1.25 range low at risk.
My view: this is a range-bound chart. A breakout needs a daily close above $1.50 or below $1.30, so Iâd wait for confirmation rather than guess the direction.
â Which side breaks first: $1.50 or $1.30?
This is my personal read of the chart, for educational purposes only, not financial advice. Crypto is volatile, so do your own research and manage your risk.
#XRP #XRPL #CryptoAnalysis #TechnicalAnalysis
$XRP is trading near $1.40, and the daily chart shows a clear structure.
What I see
After the slide toward $1.00, a high-volume spike pushed price up to about $1.70. The long wick shows sellers defended that area hard. Since then XRP has moved in a wide range of roughly $1.25 to $1.65. The latest leg down from about $1.50 was bought near $1.32, and price is now stabilizing around $1.40. Todayâs candle is still open, so treat it as unconfirmed.
Levels Iâm watching
Support: $1.32 (recent wick low), then $1.25 (range low) Resistance: $1.50, then $1.65 to $1.70 (range high)
Scenarios
đą Price holds above $1.32 and reclaims $1.50, which opens a retest of $1.65.
đĄ Price chops between $1.32 and $1.50 while the market waits for a catalyst. This is the most likely outcome while the range holds.
đŽ A daily close below $1.30 on strong volume puts the $1.25 range low at risk.
My view: this is a range-bound chart. A breakout needs a daily close above $1.50 or below $1.30, so Iâd wait for confirmation rather than guess the direction.
â Which side breaks first: $1.50 or $1.30?
This is my personal read of the chart, for educational purposes only, not financial advice. Crypto is volatile, so do your own research and manage your risk.
#XRP #XRPL #CryptoAnalysis #TechnicalAnalysis