XRP is pulling back into a key structure zone — the same area that acted as breakout resistance during the July rally is now being retested as support. With momentum resetting and price consolidating on top of this level, the next move could set the tone for the rest of August.
📊 Technical Breakdown:
Structure Retest:
Price is holding between ~$3.00–$3.15 — a major former resistance zone now acting as support after July’s vertical move. Buyers previously stepped in hard above $3.00, and this is the first proper retest since the breakout.
Stochastic RSI:
Deep in oversold territory on the 4H timeframe. Any bullish crossover from this zone would align with a bounce scenario from support.
Volume Context:
Declining volume on the pullback suggests a lack of aggressive selling — a common characteristic before continuation if the level holds.
🔍 What to Watch:
✅ Bullish Setup:
Hold and bounce from this support zone
Break above local highs at ~$3.45 could trigger fresh upside
❌ Invalidation:
Clean close below $3.00 support would shift structure short-term and suggest a deeper retracement (e.g. $2.75–2.85 zone)
XRP often moves in bursts — and this chart has the same setup vibes as the last big leg. If support holds here, don’t be surprised if it’s the ignition point for another breakout.
📊 Technical Breakdown:
Structure Retest:
Price is holding between ~$3.00–$3.15 — a major former resistance zone now acting as support after July’s vertical move. Buyers previously stepped in hard above $3.00, and this is the first proper retest since the breakout.
Stochastic RSI:
Deep in oversold territory on the 4H timeframe. Any bullish crossover from this zone would align with a bounce scenario from support.
Volume Context:
Declining volume on the pullback suggests a lack of aggressive selling — a common characteristic before continuation if the level holds.
🔍 What to Watch:
✅ Bullish Setup:
Hold and bounce from this support zone
Break above local highs at ~$3.45 could trigger fresh upside
❌ Invalidation:
Clean close below $3.00 support would shift structure short-term and suggest a deeper retracement (e.g. $2.75–2.85 zone)
XRP often moves in bursts — and this chart has the same setup vibes as the last big leg. If support holds here, don’t be surprised if it’s the ignition point for another breakout.
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Create strategies, explore thousands of TradingView ideas, & backtest at scale across symbols, timeframes, & parameters.
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💬 Research & discussion: discord.gg/2systG9frc
Create strategies, explore thousands of TradingView ideas, & backtest at scale across symbols, timeframes, & parameters.
🌐 quanttradingpro.com
💬 Research & discussion: discord.gg/2systG9frc
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.