XRP — Key Confluence Zone Approaching

XRP has been overall bearish, trading within the falling red channel.

Price is currently approaching a very strong confluence zone.

Where are we now?

XRP is retesting the intersection of:
• Lower bound of the falling channel 🔻
• Major support zone in blue 🔵
• Psychological round number at $1

This creates a high-probability reaction area.

What’s the plan?

As long as this zone holds,
we will be looking for long-term longs 📈

A clean bullish reaction from this area could trigger a move back toward:
• The upper bound of the channel
• The red resistance zone above

When does this fail?

If XRP breaks below this confluence zone decisively,
then the bullish scenario is invalidated ❌

And further downside becomes likely.

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr

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