Islam_Ambassada
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A MAJOR CRASH ON XRP: WILL YOU BE SURPRISE?
As a trader, having expectations is natural—even though the market moves on its own terms. However, experience plays a vital role in helping you navigate it steadily and capitalize on opportunities. It’s important not to attach emotional beliefs to any trade; instead, decisions should be grounded in market trends and probable developments.
This analysis focuses on XRP and serves to reinforce my earlier post, where I highlighted that the XRP chart still appears weak. It should be approached with caution to minimize the risk of significant losses.
General view of XRP
I’m seeing a clear Wyckoff distribution pattern forming on the bigger picture for XRP. The chart looks weak across both the higher and lower time frames. However, I prefer to highlight the daily time frame here, as it presents the setup in a way that’s easier for traders to understand compared to the others⬆️🔼.
My expectations
If any bullish move does occur on the lower time frame, the $2.50–$2.70 zone is a key area investors should closely watch for potential take-profit opportunities.
However, this is not a call to trade XRP but to be careful due to its overall weakness. As I’ve shared before, my strategy as a spot trader is to avoid weak markets.
XRP currently looks very fragile, and a major crash wouldn’t be surprising. It’s flashing multiple signals of a larger bearish move ahead, so investors need to proceed with extreme caution.
I will share a trade opportunities on 4Hour time frame at the end of this article so make sure you are paying attention
Target buy area
I’ve currently positioned myself to avoid noisy trading, which is why I’m focusing only on the $1.00–$1.50 range. My buying interest starts around the $1.50 mark, but only if there are clear candle rejections supported by strong fundamentals.
I always advise traders not to enter any zone blindly, no matter how strong it looks. Lately, we’ve seen the market break through major zones without any reaction—and that should serve as a valuable lesson for all of us.
Invalidation
Although I see a break above the $2.70–$2.90 zone as highly unlikely, I still believe it’s important to mention—this is the financial market, and new traders need to understand that anything is possible.
If the market does manage to break above the $2.70–$2.90 zone, as shown on my screen, it would shift the bigger picture entirely. In that case, we would start looking for potential buying opportunities instead.
$XRP
The spot trading opportunities now
On the 4-hour time frame, I’m spotting a potential retest of a head and shoulders pattern, which could lead to a short-term bullish move toward the $2.50–$2.60 zone before a possible drop.
Note: This setup is on the 4H chart and goes somewhat against the broader trend, so extra caution is needed. If I do decide to trade it, this would be the short-term opportunity I’d consider—but only after seeing solid confirmations.
I might share the full trade setup in a new article on my page, so stay tuned.
Make sure to like, comment, and share, and don’t forget to follow me so you don’t miss any updates on potential short-term setups!
This analysis focuses on XRP and serves to reinforce my earlier post, where I highlighted that the XRP chart still appears weak. It should be approached with caution to minimize the risk of significant losses.
General view of XRP
I’m seeing a clear Wyckoff distribution pattern forming on the bigger picture for XRP. The chart looks weak across both the higher and lower time frames. However, I prefer to highlight the daily time frame here, as it presents the setup in a way that’s easier for traders to understand compared to the others⬆️🔼.
My expectations
If any bullish move does occur on the lower time frame, the $2.50–$2.70 zone is a key area investors should closely watch for potential take-profit opportunities.
However, this is not a call to trade XRP but to be careful due to its overall weakness. As I’ve shared before, my strategy as a spot trader is to avoid weak markets.
XRP currently looks very fragile, and a major crash wouldn’t be surprising. It’s flashing multiple signals of a larger bearish move ahead, so investors need to proceed with extreme caution.
I will share a trade opportunities on 4Hour time frame at the end of this article so make sure you are paying attention
Target buy area
I’ve currently positioned myself to avoid noisy trading, which is why I’m focusing only on the $1.00–$1.50 range. My buying interest starts around the $1.50 mark, but only if there are clear candle rejections supported by strong fundamentals.
I always advise traders not to enter any zone blindly, no matter how strong it looks. Lately, we’ve seen the market break through major zones without any reaction—and that should serve as a valuable lesson for all of us.
Invalidation
Although I see a break above the $2.70–$2.90 zone as highly unlikely, I still believe it’s important to mention—this is the financial market, and new traders need to understand that anything is possible.
If the market does manage to break above the $2.70–$2.90 zone, as shown on my screen, it would shift the bigger picture entirely. In that case, we would start looking for potential buying opportunities instead.
$XRP
The spot trading opportunities now
On the 4-hour time frame, I’m spotting a potential retest of a head and shoulders pattern, which could lead to a short-term bullish move toward the $2.50–$2.60 zone before a possible drop.
Note: This setup is on the 4H chart and goes somewhat against the broader trend, so extra caution is needed. If I do decide to trade it, this would be the short-term opportunity I’d consider—but only after seeing solid confirmations.
I might share the full trade setup in a new article on my page, so stay tuned.
Make sure to like, comment, and share, and don’t forget to follow me so you don’t miss any updates on potential short-term setups!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
