🟢 1. Current market structure and context
XRP spiked from the $2,037-$2,068 demand zone, where market makers had taken large longs, and made a powerful Break of Structure above $2,245 . This surge led to a test of the upper boundary of the large $2,300-$2,328 range, where the price met serious resistance and formed a weak high at $2,361 . After trying to hold in this narrow channel, the market forces balanced out and we saw a Change of Character at $2,245-$2,270 , followed by a sharp drop to the highlighted demand zone of $2,036-$2,068 . There, demand worked again, and now XRP is experiencing a rebound, balancing on the line of a new minimum.
🟢 2. Key levels without tables
- Resistance $2,300–2,328 : the main selling zone, where sellers' volumes are maximum and the price has bounced down twice.
- Weak high $2,361 : immediate target for bulls to regain control, but zone has already been tested and requires confirmatory volume for further gains.
- Key support $2,245–2,270 : here the “CHoCH” has emerged and a local equilibrium before the downward breakdown.
- Main demand zone $2,036–2,068 : historical buying buffer where the previous two bounces began.
- Intermediate support $2,100–2,120 : relevant for a retest, an additional level for averaging positions.
🟢 3. Volumes in focus
- When $2,245 was broken upwards, volumes increased sharply, which confirmed serious buying activity.
- In the $2,300–2,328 zone, critical seller volumes held back growth, and the subsequent fall was accompanied by even greater downward pressure.
- On the descent to $2,036–2,068, we saw a surge in long volumes, which indicates a strong interest in a rebound at this level.
- The current rebound to $2,178 is occurring on medium volumes without clear dominance of one of the parties, reflecting the period of “digestion” of the sharp movement.
🟢 4. Important technical signals
- BOS up above $2,245 : first strong signal of a change in balance in favor of bulls.
- CHoCH down at $2,270 : key marker of short trend reversal and start of bearish wave.
- Retest of the $2,036–2,068 zone: classic “liquidity withdrawal” at stops and a strong reason to enter long.
- EQL in the $2,245 area before the breakdown: indicator of position accumulation before the reversal.
🟢 5. Possible development scenarios
- Bullish scenario: holding support at $2,036–2,068 and a smooth rebound above $2,178 with confirming volumes will give a new attempt to attack $2,245 , then $2,300 . With a good momentum through $2,328, the path to $2,361 will open and then to the psychological level of $2,400 , where consolidation is likely.
- Bearish scenario: if XRP fails to consolidate above $2,178 and breaks through $2,036 during another decline, we will see a deepening correction to $2,000 , and in the event of a breakout of this level - to $1,950 , where previous purchases have accumulated.
🟢 6. Strategic recommendations
- Long: enter when the $2,036–2,068 zone is confidently held with volume confirmation; stop loss – just below $2,030 ; set profit at $2,245 , then $2,300–2,328 .
- Short: consider a rebound to $2,300–2,328 , set a stop loss above $2,340 , targets at $2,270 , then $2,245 and the underlying demand zones.
Conclusion
XRP has gone through a phase of strong momentum and a tough fight in the $2,300-$2,328 area. The main battle is now being played out at the $2,036-$2,068 border, where the next significant rebound could begin. Volumes will be decisive as they approach key levels, giving a hint about the intentions of the big players. Until then, it is worth watching the market reaction in these areas and acting on clear signals of volume and structure.
Buyyy…
