While breakout chasers buy into local consolidation, this 3-day macro structure on $XRP is setting up a liquidity sweep into higher timeframe demand before a major impulsive wave.
After breaking out of a prolonged descending channel from the major swing high `<b>` down to low ``, price has consolidated near $1.4046[span_0](start_span)[span_0](end_span). The projected path outlines a brief pullback into the unmitigated demand zone between $1.0895 and $1.2480 to sweep trapped liquidity before initiating a massive macro expansion toward target ``[span_1](start_span)[span_1](end_span).
Holding above the invalidation level at $1.0040 preserves the bullish multi-month reversal setup, targeting structural resistance at $1.7040, $2.2698, and an ultimate expansion toward $2.9277[span_2](start_span)[span_2](end_span). A decisive breakdown below $1.0040 invalidates the macro demand thesis and shifts the market structure bearish.
Don't chase late entries into local resistance—wait for structural demand retests to position for macro expansions.
#XRP #Ripple #CryptoAnalysis #TechnicalAnalysis #Trading</b>
After breaking out of a prolonged descending channel from the major swing high `<b>` down to low ``, price has consolidated near $1.4046[span_0](start_span)[span_0](end_span). The projected path outlines a brief pullback into the unmitigated demand zone between $1.0895 and $1.2480 to sweep trapped liquidity before initiating a massive macro expansion toward target ``[span_1](start_span)[span_1](end_span).
Holding above the invalidation level at $1.0040 preserves the bullish multi-month reversal setup, targeting structural resistance at $1.7040, $2.2698, and an ultimate expansion toward $2.9277[span_2](start_span)[span_2](end_span). A decisive breakdown below $1.0040 invalidates the macro demand thesis and shifts the market structure bearish.
Don't chase late entries into local resistance—wait for structural demand retests to position for macro expansions.
#XRP #Ripple #CryptoAnalysis #TechnicalAnalysis #Trading</b>