XRP Maintains Strong Structure Amid Market Volatility
- Credible Crypto, a market technician with nearly half a million followers, remains optimistic about XRP’s long-term structure despite recent market turmoil.
- XRP’s key support levels held firm during a significant liquidation event, which was described as more severe than the FTX collapse.
- The analyst highlights a monthly demand band for XRP at $2.00–$2.40 and notes that no four-hourly closes were recorded below $2.30.
- On the USD pair, a supply band between $2.70–$3.11 is identified as crucial for indicating the start of the next price impulse.
- Bitcoin could reach $130k–$150k in one scenario, affecting XRP/BTC dynamics but maintaining XRP/USD stability above ~$1.90–$2.30.
Despite experiencing one of the most significant liquidation events in crypto history, XRP’s high-time-frame structure remains intact according to Credible Crypto’s analysis. The token’s resilience is attributed to its ability to maintain key support levels even amid extreme market conditions.
XRP traded at $2.42 at press time, showing strength in holding above critical support bands and indicating potential for further upward movement if it surpasses the $2.70–$3.11 range identified by analysts as pivotal for future gains.(Source)
