Peter Smith
⬤ XRP is currently sitting at a technically significant level as its price movement matches a potential Wyckoff reaccumulation pattern. The developing structure hints at a possible "Spring" move that could push prices temporarily below current support. In Wyckoff methodology, this kind of shakeout tests how much buying interest exists before any real bounce can happen.
⬤ The technical chart shows XRP moving through Phase B of the Wyckoff cycle while trading within a tight range. Price is struggling to break above a major resistance barrier, with the $1.80 mark standing out as the critical level to watch. As long as XRP stays pinned below this ceiling, the bearish scenario becomes more likely, raising the odds of further weakness ahead.
⬤ The analysis also points to a potential support breakdown that could trigger the Spring phase, with short-term bearish patterns targeting the $1.50 zone. This price level keeps appearing across different technical projections as the next logical downside target. If XRP can't defend its current support base, the path toward $1.50 becomes more probable based on the Wyckoff structure.
⬤ This setup is important because XRP often mirrors broader risk sentiment in the crypto market. A confirmed Spring below support would likely extend the consolidation phase and postpone any recovery, while weakness below $1.80 keeps downside risk alive. How XRP performs around these key levels will determine whether it stabilizes within the reaccumulation range or slides into a deeper correction.
Peter Smith
