$XRP is approaching the crucial liquidity zone of $2.05, creating buy squeeze pressure?
XRP is currently trading in the $2.083 range, situated between two key liquidity zones, creating a fierce tug of war.
š¹ Just below is the liquidity zone at $2.05, where pending buy orders are concentrated, supporting the price. A break below this level risks XRP falling to $2.00
šø The $2.13 Resistance zone is where sellers are lying in wait. Following the principle of a magnet, the price is often drawn to the highest liquidity zone $2.13 to sweep orders before determining the trend
š¹ You can consider short term long positions with a profit target at $2.13, but it is essential to place a tight stop loss below $2.05 to mitigate risk
Will you choose to scalp Long or wait for a clearer signal?
This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.
