XRP Testing Supply After Structure Shift, Continuation or Pullback?
has recently shown a strong bullish push, breaking structure and shifting momentum in favor of buyers.
After the impulsive move up, price formed a change of character (CHoCH) and is now consolidating below a key supply zone. This pause isn’t weakness, it’s the market deciding its next move after a strong rally.
From a technical standpoint, the trend is short-term bullish, but price is currently reacting just below a well-defined supply zone (resistance). The recent highs likely hold liquidity, making that area a magnet if buyers step in again. At the same time, there’s a clear lower level acting as support/demand, which becomes critical if price rejects from above.
Scenario:
If price breaks and holds above supply: continuation higher becomes likely, targeting liquidity above the highs.
If price gets rejected: expect a pullback toward the lower demand zone (~1.35 area) to rebalance before any further move.
With the market still reacting to Bitcoin’s overall direction and volatility, altcoins like XRP often pause at key zones before choosing direction.
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