XRP | FVG Retrace Then Consolidation Before BreakoutXRP / US DollarCOINBASE:XRPUSDofficialjackofalltrades Executive Summary XRP is trading at $2.02 within an ascending triangle on the 4H timeframe. After reclaiming the psychological $2 level, price faces resistance at $2.02-$2.12. Expecting a short-term bearish move into the FVG (Fair Value Gap) at $1.75-$1.80, followed by consolidation, then a breakout either up or down. BIAS: NEUTRAL - Bearish Short-Term, Then Consolidation, Then Breakout Current Market Data Current: $2.0231 (+0.85%) Day's Range: $2.0059 - $2.0385 52-Week: $1.6106 - $3.6662 Market Cap: $122.74B ETF Holdings: $1.16B+ (24 consecutive days of inflows) Performance: 1W: +9.82% | 1M: -7.96% | 3M: -31.88% 6M: -10.94% | YTD: +9.99% | 1Y: -15.73% Key News XRP spot ETFs hold $1.16B+ with $1.4B total inflows Ripple unlocked 1B XRP on Jan 1 (monthly escrow) - supply pressure JPMorgan GTreasury integration on XRP Ledger CLARITY Act markup scheduled for January 2026 $2 zone has rejected XRP since 2017 - major resistance Technical Structure - 4H Ascending Triangle: Rising support trendline - higher lows Horizontal resistance at $2.00-$2.02 Upper resistance at $2.12 FVG filled on left, was resistance, then broken FVG Zone: $1.75-$1.80 - Unfilled gap / liquidity sweep zone Expect retrace here before consolidation Ideal long entry if bounce confirms Key Levels: Resistance: $2.00 - $2.02 - Horizontal resistance $2.12 - Upper resistance (breakout level) $2.20 - $2.50 - Bullish targets Support: $1.88 - $1.91 - Immediate support $1.75 - $1.80 - FVG zone / liquidity sweep $1.72 - Major support zone (bottom red line) SCENARIO ANALYSIS SHORT-TERM: Bearish Into FVG Price retraces to $1.75-$1.80 FVG zone Sweeps liquidity below $1.80 Consolidation phase begins THEN: Breakout Either Direction BULLISH: Break above $2.12 → Targets $2.20, $2.50 BEARISH: If no FVG bounce → Break below $1.72 → Targets $1.61, $1.45 My Assessment Ascending triangle at $2 resistance. Short-term bearish into FVG at $1.75-$1.80, then consolidation. Wait for breakout confirmation before committing to direction. The $2 zone has rejected XRP since 2017 - this is a make-or-break level. Strategy: Expect short-term drop to $1.75-$1.80 FVG Watch for consolidation and breakout direction Long above $2.12 → Target $2.20-$2.50 Short below $1.72 → Target $1.61-$1.45 Comment your thoughts on the XRP 2026 Bull or Bear RALLY!