$XRP /USDT — Range-Bound After Volatile Sweep
XRP is currently trading near 2.03, following a volatile move that swept liquidity on both sides before stabilizing.
🔹 Market Structure The chart shows an early impulsive rally toward the 2.15–2.18 area, followed by a steady decline. Price then formed a base around 1.98–2.00, indicating buyers stepping in after the sell-off.
🔹 Key Levels
Support: 1.98 – 2.00
Mid-Range / Pivot: ~2.03
Resistance: 2.06 – 2.10
Price is now consolidating just above support, suggesting a range environment rather than a trend.
🔹 Liquidity Behavior
Sharp downside wick below 2.00 → liquidity grab
Quick recovery → sell pressure absorbed
Equal highs forming near 2.05 → resting liquidity above
🔹 Scenarios
Bullish case: Holding above 2.00 and reclaiming 2.06 could lead to a push toward 2.10–2.15
Bearish case: Failure to hold 2.00 may expose downside liquidity toward 1.95
🧠 Final Thought XRP is in a compression phase. Expansion usually follows consolidation — patience is key until price exits the range.
⚠️ Not financial advice. Trade with proper risk management
