Xrp Buy zone

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Xrp Buy zoneXRP / TetherUSBINANCE:XRPUSDTSthesh_Don_BilliatoπŸ“Š XRP/USDT Chart Breakdown 1️⃣ Price Structure Overview * The chart spans roughly from November 2024 to June 2025. * We observe clear market structure changes: * BOS (Break of Structure) and CHoCH (Change of Character) labels mark shifts between bullish and bearish trends. * The current price is consolidating around the \$2.17–\$2.18 level. * Recent local low at \~ \$2.06 (marked as a strong liquidity area). 2️⃣ Key Levels and Zones * Demand Zones (Support) * \$2.06 (strong low marked). * Grey and blue shaded zones from \~ \$2.00–\$2.18 acting as a major support cluster. * Supply Zones (Resistance) * \$2.42 (0.382 Fib retracement). * \~\$2.85 (0.618 Fib) to \$3.19 (recent weak high) – high probability resistance on rally. * Psychological resistance around \$3.00. 3️⃣ Fibonacci Retracement & Extension * The Fib tool is applied from the last significant swing high (\~\$3.22)cto the current local swing low (\~\$2.06). * Fib Key Levels: * 0.382 β†’ \$2.42 * 0.5 β†’ \$2.64 * 0.618 β†’ \$2.85 * Full extension β†’ \$3.22 * Price currently testing the 0.382–0.5 range, signaling potential bullish continuation if broken. 4️⃣ Liquidity Zones * The blue shaded region (\~\$2.00–\$2.18) is a major liquidity zone with strong historical reaction. * Multiple CHoCH points in May-June indicate a possible trend shift to bullish if price holds above \$2.06 and clears \$2.42. 5️⃣ Market Context * Daily Structure:Range-bound but with an emerging bullish bias after the \$2.06 low held. * Current Pattern: Accumulation phase after liquidation sweep below \$2.06, possibly gearing for breakout if market conditions stay favorable. πŸ† Correlation with BTC – Recent 7 Weeks of Bullish Momentum 1️⃣ BTC Context * Bitcoin has been on a sustained 7-week bullish run, breaking key resistance levels and reaching new 2025 highs. * This has improved overall crypto market sentiment, leading to increasing altcoin interest. * BTC Dominance is slightly high but showing signs of topping β†’ good for large-cap altcoins like XRP. 2️⃣ Impact on XRP * XRP is attempting to reclaim major levels and follow BTC’s momentum. * BTC’s rally is pulling liquidity into the crypto market, benefiting XRP’s chances of a **breakout above \$2.42–\$2.64. * If BTC consolidates or slightly pulls back without major weakness, XRP could see a strong move towards **\$2.85–\$3.00. --- 3️⃣ Watch For * BTC holding above recent highs β†’ more confidence for altcoins. * BTC correcting sharply β†’ XRP may retest **\$2.06** or lower. * XRP key breakout: **\$2.42–\$2.64** β†’ if broken with volume, targets \$2.85+. πŸ“ˆ Summary βœ… XRP is currently in **accumulation mode** above a strong demand zone. βœ… Market structure shows **recent CHoCH indicating potential bullish reversal**. βœ… BTC’s 7-week rally has provided a **favorable environment** for XRP to rally if momentum continues. βœ… Critical level to reclaim: **\$2.42**. βœ… Bullish target if broken: **\$2.85–\$3.22**. βœ… Caution: BTC correction could stall XRP at current support.