$XRP MONTHLY BREAKDOWN 📊 | PART 3
Moving down another level in our XRP top-down analysis.
The yearly chart gave us a bearish bigger picture, while the quarterly timeframe showed a strong recovery attempt. Now the monthly chart gives us a closer look at how that recovery is developing.
XRP opened this month around $1.06, dipped to roughly $0.98, then pushed as high as $1.70. That's a solid move from the lows, but price is now around $1.47, so buyers still have some work to do.
The first area I'm watching is $1.50-$1.54. If XRP can break and hold above this zone, the next levels I'd be watching are $1.65-$1.70, followed by $1.77-$1.84.
That $1.84 level keeps appearing across our higher timeframes, so it's becoming one of the most important levels in this entire analysis.
On the downside, $1.37-$1.34 is the first support zone, followed by $1.25 and then $1.21-$1.10.
So far:
Yearly: Bearish
Quarterly: Recovery attempt
Monthly: Recovery, but needs confirmation
Key resistance: $1.50-$1.54
Major reclaim: $1.77-$1.84
Support: $1.37-$1.34 → $1.25 → $1.21-$1.10
This is exactly why we're breaking #XRP down timeframe by timeframe. The bigger picture gives us the direction, while the lower timeframes help us understand how price is actually moving within it.
Next up: Weekly timeframe.
#Ripple #MacroInsights
Moving down another level in our XRP top-down analysis.
The yearly chart gave us a bearish bigger picture, while the quarterly timeframe showed a strong recovery attempt. Now the monthly chart gives us a closer look at how that recovery is developing.
XRP opened this month around $1.06, dipped to roughly $0.98, then pushed as high as $1.70. That's a solid move from the lows, but price is now around $1.47, so buyers still have some work to do.
The first area I'm watching is $1.50-$1.54. If XRP can break and hold above this zone, the next levels I'd be watching are $1.65-$1.70, followed by $1.77-$1.84.
That $1.84 level keeps appearing across our higher timeframes, so it's becoming one of the most important levels in this entire analysis.
On the downside, $1.37-$1.34 is the first support zone, followed by $1.25 and then $1.21-$1.10.
So far:
Yearly: Bearish
Quarterly: Recovery attempt
Monthly: Recovery, but needs confirmation
Key resistance: $1.50-$1.54
Major reclaim: $1.77-$1.84
Support: $1.37-$1.34 → $1.25 → $1.21-$1.10
This is exactly why we're breaking #XRP down timeframe by timeframe. The bigger picture gives us the direction, while the lower timeframes help us understand how price is actually moving within it.
Next up: Weekly timeframe.
#Ripple #MacroInsights
