XRP Growth Slows Amid Market Correction

At the end of last week, the bullish momentum of XRP slowed, bringing the cryptocurrency to a crucial decision point—will the uptrend continue, or is a bearish correction on the horizon? While predicting the exact outcome is impossible, traders don’t need certainty to capitalize on the situation.

With a well-planned strategy, it’s possible to enter a position now and adjust money management based on how price action unfolds in the coming days.

Daily time frame analysis

XRPUSD - 1 Day Time Frame

The market is currently at a pivotal stage, with price action influenced by two key zones. Above the current price lies a resistance zone, highlighted in orange on the attached chart, while a support zone, marked in blue, sits below.

Given the long-term bullish trend and the recent strong Sell-Side Liquidity sweep—often a precursor to large institutional entries—the likelihood of the price respecting the support zone and invalidating the resistance is increasing.

XRP price target

With a high probability of trend continuation, traders can consider entering a buy position while placing a Stop Loss order below the most recent internal higher low. If the price closes below the blue support zone, it would be advisable to sell part of the position, as this zone should ideally remain intact on the daily timeframe.

For profit targets, the position can be held up to the psychological level of $4.00. Additionally, traders can gradually take profits at Buy-Side Liquidity levels, as indicated on the attached chart, ensuring flexibility and maximizing gains as the price advances.