Saad Ullah
⬤ XRP has dropped into a well-defined support zone between $1.65 and $1.70, where horizontal support meets a rising macro trendline. This confluence area typically draws significant liquidity and could mark the final downside test before the market picks its next direction.
⬤ Recent price action shows XRP rolling over from higher levels and pressing into this support band, with momentum cooling as it approaches the trendline. The setup suggests a possible liquidity sweep is underway—targeting stop orders and resting bids clustered in this zone. So far, there's no clear breakdown, keeping the support technically intact.
⬤ The chart pattern follows a familiar sequence where price briefly dips into major support before finding its footing. This $1.65–$1.70 area has acted as a reaction point before, and the current move is testing whether buyers are ready to step in again. Until we see a clear response, XRP remains locked in the lower end of its recent range.
⬤ How XRP reacts here matters for the broader picture. A solid hold in the $1.65–$1.70 zone would signal that selling pressure is getting absorbed, potentially setting up stabilization. But if this support fails, expect focus to shift toward deeper levels and increased short-term volatility.
Saad Ullah
