Here are my key level assessments for BTC and XRP, where a 'dump' may occur before Powell's speech — that is, where the activity of stop loss liquidators / strong orders is likely to trigger:
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Bitcoin (BTC)
Key support levels:
~$116,000 — the zone that has already provided support several times, and where stop losses may be located 'in case of a drop'
~$113,500–112,000 — below the main support, may be a “magnet” for liquidation volumes if $116,000 is broken down
Key resistance levels:
~$120,000 — important resistance, “liquidity level above”, where short stop-losses or sell orders may be placed
~$116,400–117,000 — already a liquidity zone above, if BTC approaches it, there may be a brief price rise to “grab” liquidity, then bounce down
So before the event, the likely scenario will be: break down to ~$116k, stop hunting, possible pullback to ~$113–112k.
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XRP
Key support levels:
~$3.00 — important psychological level, many hold it as support
~$2.95 — another support zone, often referred to as a “retest” or level where buyers may hold to prevent deeper declines
~$2.90–2.85 — “backup” levels, if the market breaks below $2.95
Key resistance levels:
~$3.05–3.11 — near resistance, which is already being tested, and may be a combination of short stop-losses above and sellers entering at this level
~$3.16 — further resistance, if Ripple can break previous levels
~$3.20–3.64 — “big” resistance, possibly less likely to break during the volatile period before the event, but should be kept in mind for a potential upward spike after key news.
