$XRP – A bullish retracement is forming after a liquidity spike and demand protection at the level of 1.3820.
I am interested in this because the price dropped down to 1.3820, cleared the stops below the structure, and bounced back with strength. Sellers were pushing hard but couldn't hold below the minimum. This shift matters.
Earlier, we observed a deviation around 1.4943, then a stable distribution downwards. The recent spike to 1.38 looks like a liquidity grab. Now the price is stabilizing around 1.40, trying to recover in the short term.
Key levels I am watching:
24H High: 1.4381
24H Low: 1.3820
Current zone: 1.395 – 1.410
Immediate resistance: 1.425 – 1.438
Higher liquidity: 1.470 – 1.495
I see an early base form above 1.39. If 1.425 is broken cleanly, a continuation to 1.47 becomes realistic.
Entry point:
Zone 1.395 – 1.410
Target points:
TP1: 1.425
TP2: 1.470
TP3: 1.495
Stop-loss:
1.360 (below the spike and structural invalidity)
How is this possible:
1. Liquidity below 1.382 has already been captured.
2. A strong reaction candle shows buyer absorption.
3. Sellers failed to create a continuation downwards.
4. A breakout above 1.425 initiates covering of short positions.
5. Space to 1.47–1.49 from the previous proposal.
I am trading this as a recovery, returning to previous highs, with some risk below the spike. If momentum builds above 1.425, the expansion may accelerate.$XRP
