XRP$XRP
XRP/USDT Pair Analysis Based on the Attached Chart and Liquidity News:
Technical Data:
1. Key Levels:
Buy Zone 1: (Lower Green Zone) Strong Support Zone, Indicating Historical Buying Interest.
Buy Zone 2: Upper Support Zone, Showing Continued Buyers Defense.
Buy Zone Break: A potential break of this zone may indicate weakness of buyers and dominance of sellers.
Goodbye Token Zone: If broken, it may indicate a strong bearish phase for the token.
2. Change in Structure (CHoCH): There is a clear change in structure, indicating the beginning of a reversal or correction.
Current Trend: Shows a correction period with a possible test of the lower liquidity zones.
3. Liquidity:
Liquidity concentration in the green zone (Buy Zones) shows the potential for a surge in buyers when prices test these zones.
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News and General Context:
1. Market Action:
A strong decrease in overall liquidity with selling pressure affecting XRP performance. The current price at $2.107 indicates a test of a sensitive zone.
In case of positive news such as new partnerships or legal developments supporting XRP, we may see a strong rebound.
2. Time Analysis:
The correction is expected to continue in the coming days towards Buy Zone 1 if confidence is not restored.
A Buy Zone Break will push the price towards Goodbye Token Zone with a possible decline to levels below $2.
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