20 Mar
20Mar

🔹 Market Overview

XRP is currently trading at $2.4823, showing a strong bullish trend on higher timeframes. The price action is consolidating after a recent upward move, suggesting a potential continuation or a minor retracement before another leg up.📊 Key Market Indicators:

  • 30-Min Chart: XRP shows a series of higher lows, indicating buyers are stepping in at dips. Strong liquidity zones between $2.40 - $2.42 provide support.
  • 4H Chart: The Market Cipher indicator is flashing bullish divergence, with momentum waves showing a positive cross-over.
  • Daily Chart: XRP is currently in a reaccumulation phase after a strong rally, supported by whale accumulation seen in on-chain metrics.

🔸 Order Flow & Whale Activity

  • 🔴 Big Sell Walls: Resistance seen near $2.55 and $2.62, where large sell orders are sitting.
  • 🟢 Strong Buy Zones: Whales accumulating near $2.38 - $2.42, suggesting a possible price floor before the next breakout.
  • 🔥 Liquidation Heatmap: High liquidity pool at $2.50, which could act as a magnet for price movements.

🔺 XRP Forecast & Next Levels to Watch

  • Next Potential Top: $2.62 - $2.65 (Expected in the next 12-16 hours based on liquidity imbalances and momentum flow.)
  • Next Potential Bottom: $2.38 - $2.40 (In case of retracement, expect support in this region.)
  • Trend Continuation Signal: A confirmed daily close above $2.55 could push XRP towards $2.70+ levels.

🔄 Strategy Suggestion:

  • Short-term traders: Watch for entries around $2.40 - $2.42 with stop-loss at $2.38.
  • Long-term holders: The trend remains bullish, and any dips to $2.38 - $2.42 could be a strong accumulation zone.

🌎 Macro Factors Influencing XRP

  • 📈 M2 Liquidity Expansion: The global M2 money supply is increasing, fueling liquidity into risk-on assets like XRP.
  • 📌 SEC & Regulatory News: Any updates on the SEC case could create volatility.
  • 🔗 On-Chain Activity: Whale wallets have been accumulating XRP over the last 48 hours, indicating strong confidence in further upside.

📢 That’s it for today’s XRP/USD market update. Stay tuned for more updates, and always trade smart! 💹📊🚀 Follow for more insights! 🔥📈

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