Market Structure & Trend
The 4H structure remains technically bearish following the rejection from the dynamic resistance band (Purple Line). After failing to hold the highs near 1.68 (marked by the red 'x' rejection signal), price has retraced back into the heart of the structure.
Volume Profile Analysis
We are currently trading exactly at the Point of Control (POC) of the visible range (the longest blue volume bar).
The Magnet Effect: Price is currently "sticky" at the $1.4560 level. This is the area of highest liquidity where the most volume has exchanged hands.
The "Chop" Zone: When price trades inside the POC, we often see volatility compression and a lack of clear direction. This is where retail traders get chopped up, while institutions accumulate or distribute positions.
Key Levels to Watch
Resistance (Bearish Control): The Purple Trend Band (currently ~1.65 - 1.70) acts as the primary invalidation level. Until price reclaims this zone and prints a higher high, the bias leans toward continuation of the downtrend.
Support (The Floor): If the market loses this $1.45 POC level, there is a "Low Volume Node" (gap) below, which could accelerate a move back toward the structural lows at 1.15.
Summary
XRP is in a decision mode. It is resting on fair value. We are waiting for a decisive break away from this high-volume node to confirm the next leg of momentum. Avoid forcing trades while stuck in the middle of the range.
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Custom Institutional volume terminal included with paid sub
thecantillonreport.substack.com/?utm_source=tradingview
cantillonresearch.com/
youtube.com/@cantillonresearch
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
Daily top picks analysis → free & paid tiers
Custom Institutional volume terminal included with paid sub
thecantillonreport.substack.com/?utm_source=tradingview
cantillonresearch.com/
youtube.com/@cantillonresearch
Custom Institutional volume terminal included with paid sub
thecantillonreport.substack.com/?utm_source=tradingview
cantillonresearch.com/
youtube.com/@cantillonresearch
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
