In both investing and short-term trading, there is almost always a probability of price movement in either direction. No cryptocurrency has ever offered complete certainty of rising or falling. On the chart, this is reflected in the simultaneous presence of both bullish and bearish parameters.
This is precisely the case with XRP at present. The key question is: What conditions could provide a clearer signal, and when might a position be considered?
XRPUSD - 1 Day Time Frame
On the daily timeframe, two primary areas stand out — a resistance zone and a support zone. For clarity, these are marked on the accompanying chart, with support shown in blue and resistance in orange.
Recent price action over the past several days shows that bullish price delivery currently holds the upper hand. The structure is straightforward: price flow can be divided into corrective and impulsive movements. At present, one impulsive bullish candle is followed by five corrective bearish candles that have only retraced to the midpoint of the bullish candle. This type of formation can indicate a greater probability of upward movement, but it should be assessed alongside the marked resistance and support zones.
A confirmed close above the orange resistance zone on the daily timeframe could validate the continuation of bullish price delivery, potentially opening the way for long setups, with targets aligned to Buy-Side Liquidity levels.
Conversely, a confirmed close below the blue support zone could indicate a shift to bearish price delivery, potentially setting up short positions aimed at deeper corrections toward Sell-Side Liquidity levels.
The main takeaway: patience is essential. Waiting for confirmation from price action before engaging in a position can help ensure that any setup considered is supported by a validated technical structure.