📊 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 → \$2.42
* 0.5 → \$2.64
* 0.618 → \$2.85
* Full extension → \$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.
🏆 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 → 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.
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3️⃣ Watch For
* BTC holding above recent highs → more confidence for altcoins.
* BTC correcting sharply → XRP may retest **\$2.06** or lower.
* XRP key breakout: **\$2.42–\$2.64** → if broken with volume, targets \$2.85+.
📈 Summary
✅ XRP is currently in **accumulation mode** above a strong demand zone.
✅ Market structure shows **recent CHoCH indicating potential bullish reversal**.
✅ BTC’s 7-week rally has provided a **favorable environment** for XRP to rally if momentum continues.
✅ Critical level to reclaim: **\$2.42**.
✅ Bullish target if broken: **\$2.85–\$3.22**.
✅ Caution: BTC correction could stall XRP at current support.
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 → \$2.42
* 0.5 → \$2.64
* 0.618 → \$2.85
* Full extension → \$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.
🏆 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 → 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 → more confidence for altcoins.
* BTC correcting sharply → XRP may retest **\$2.06** or lower.
* XRP key breakout: **\$2.42–\$2.64** → if broken with volume, targets \$2.85+.
📈 Summary
✅ XRP is currently in **accumulation mode** above a strong demand zone.
✅ Market structure shows **recent CHoCH indicating potential bullish reversal**.
✅ BTC’s 7-week rally has provided a **favorable environment** for XRP to rally if momentum continues.
✅ Critical level to reclaim: **\$2.42**.
✅ Bullish target if broken: **\$2.85–\$3.22**.
✅ Caution: BTC correction could stall XRP at current support.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.