Peter Smith
⬤ XRP is trading cleanly within its price channel, respecting both support and resistance boundaries. The chart shows solid consolidation, with the Stochastic RSI and MACD flashing early reversal signals on lower timeframes. These technical setups suggest momentum could be shifting soon, and traders are watching closely for confirmation of the next move.
⬤ The 2 liquidity pocket has emerged as the critical level everyone's tracking. If XRP pushes toward this zone, we could see significant price action unfold. The channel has been holding remarkably well, but a break below support would flip the short-term outlook. Conversely, a move toward 2 would signal buyers are still in control and ready to push higher.
⬤ Right now, technical indicators are painting a mixed picture. The Stochastic RSI and MACD aren't giving a clear directional bias yet. If XRP holds the channel and climbs toward that 2 liquidity zone, bulls remain in the driver's seat. But if support cracks, we're likely looking at a bearish shift that could change market sentiment quickly.
⬤ How XRP behaves at the 2 level will be telling. This zone represents a major decision point where price discovery will happen. A successful test of 2 confirms bullish momentum, while losing channel support would validate bearish pressure. The next few trading sessions will be crucial for determining XRP's near-term direction.
Peter Smith
