XRP/USD β€” Professional Technical Analysis

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XRP/USD β€” Professional Technical Analysis XRP / U.S. dollarBITSTAMP:XRPUSDMarketStrategysignalsπŸ“Š XRP/USD β€” Professional Technical Analysis πŸš€ 🟒 Market Structure XRP is currently trading around 1.384, sitting directly above a clearly marked support zone around 1.35–1.38. The chart shows a strong previous bullish expansion from the 0.99 low, followed by consolidation near the current support. πŸ’§ Liquidity & Price Action A previous sharp downside wick indicates a liquidity sweep, followed by strong bullish recovery. This suggests buyers have previously defended lower prices. πŸ“ˆ Bullish Scenario If 1.35–1.38 support holds and price confirms a bullish reversal: 🎯 TP1: 1.45 🎯 TP2: 1.50 🎯 TP3: 1.63–1.69 resistance zone πŸš€ Major target: 1.65–1.70 πŸ“‰ Bearish Scenario If XRP breaks and closes decisively below 1.35, the bullish setup weakens. A deeper retracement toward 1.30–1.25 could then develop. 🧠 Trading Plan Bias: 🟒 Bullish above 1.35 Entry: Wait for bullish confirmation/retest Invalidation: ❌ Clean breakdown below support Target: 🎯 1.45 β†’ 1.50 β†’ 1.65+ ⚠️ Key point: Don't chase the move. Let price react at support and wait for confirmation before entering.