XRP: Preparing for a Massive Move to $10
The XRP weekly chart shows significant potential for a substantial rally based on ICT principles and historical price action. Here's the breakdown:
Market Structure:
After an extended consolidation phase (gray box), XRP has recently broken out, signaling a shift from accumulation to expansion.
The sell-side liquidity (SSL) at $0.41664 was cleared, allowing smart money to accumulate before pushing price higher.
Key Levels:
Buy-Side Liquidity (BSL): XRP is targeting several BSL levels, including $0.93968, $1.94895, and potentially the all-time high BSL at $10.
Phases of Price Action:
Accumulation (Gray Box): XRP consolidated for an extended period, trapping liquidity and building the foundation for a breakout.
Expansion (Purple Zone): The breakout from consolidation aligns with the MM Model's expansion phase, where price seeks external liquidity.
Projected Targets:
The next major target lies around $3.31792 at weekly BSL. Upon breaching this level, we could see price push toward the ultimate target of $10, aligning with the MM Model's distribution phase.
Conclusion:
This setup offers a high-probability bullish scenario for XRP as it transitions from consolidation to expansion. As always, monitor key levels and candle closures to confirm the continuation of this move.
Disclaimer: Always conduct your own research (DYOR) and trade responsibly.
Market Structure:
After an extended consolidation phase (gray box), XRP has recently broken out, signaling a shift from accumulation to expansion.
The sell-side liquidity (SSL) at $0.41664 was cleared, allowing smart money to accumulate before pushing price higher.
Key Levels:
Buy-Side Liquidity (BSL): XRP is targeting several BSL levels, including $0.93968, $1.94895, and potentially the all-time high BSL at $10.
Phases of Price Action:
Accumulation (Gray Box): XRP consolidated for an extended period, trapping liquidity and building the foundation for a breakout.
Expansion (Purple Zone): The breakout from consolidation aligns with the MM Model's expansion phase, where price seeks external liquidity.
Projected Targets:
The next major target lies around $3.31792 at weekly BSL. Upon breaching this level, we could see price push toward the ultimate target of $10, aligning with the MM Model's distribution phase.
Conclusion:
This setup offers a high-probability bullish scenario for XRP as it transitions from consolidation to expansion. As always, monitor key levels and candle closures to confirm the continuation of this move.
Disclaimer: Always conduct your own research (DYOR) and trade responsibly.
Disclaimer
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