XRP - Bulls Preparing to Push Towards $2.50XRP has maintained a bullish tone after completing a significant gap fill, currently consolidating around $2.18. The previous impulsive move left behind an unmitigated imbalance below, suggesting that the market could be preparing for a controlled retracement. The overall structure remains bullish, but a corrective dip into key demand zones would align with healthy price development before the next leg higher.
Imbalance Structure and Retest Expectation
During the rally from the sub-$2.00 range, XRP formed a sharp move that created an inefficiency between approximately $2.05 and $2.12. This gap between buyers and sellers indicates that liquidity was left behind, often acting as a magnet for price.
Currently, XRP appears to be positioning itself to retest this imbalance, refilling orders and potentially gathering the momentum needed for a stronger continuation. I expect price to sweep into this zone, likely finding responsive buyers as it rebalances the inefficiency and revisits previous structural points of interest.
Reaction Zone and Bullish Confirmation
The primary area of interest lies firmly within the $2.05 to $2.12 range. A reaction from this zone, confirmed by strong bullish price action such as a higher low formation or a bullish engulfing candle, would validate the setup for further upside.
Following the retracement and bounce, the immediate objective will be a clean break above the $2.30 resistance. This level has acted as a cap on recent price action and represents a key liquidity threshold. A decisive move through this resistance would open the path toward higher targets, confirming the strength of the new impulsive phase.
Upside Target Projection
My upside target for this trade idea is located at $2.47. This level coincides with a previous high and clusters near the upper boundary of visible supply zones on the higher timeframes. Reaching this target would represent a continuation of the broader bullish structure while also completing a logical expansion leg relative to the recent price range.
Risk Management and Invalidation
The bullish bias remains valid as long as XRP holds above the lower boundary of the imbalance zone, around $2.05. A sustained breakdown below this level, particularly if accompanied by strong bearish momentum, would invalidate the idea, signaling that a deeper retracement is unfolding.
Until such invalidation occurs, the approach remains to monitor the retracement into the key demand zone and assess the strength of the subsequent reaction for potential long entries.
Conclusion
XRP is showing strong structural signs of bullish continuation but may first revisit the unfilled imbalance below. A clean reaction from this zone, followed by a break above $2.30, would likely set the stage for a rally into the $2.47 target. Patience is key in awaiting the retest and confirming bullish intent before execution.
___________________________________
Thanks for your support!
If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀
Make sure to follow me for more price action insights, free indicators, and trading strategies. Let’s grow and trade smarter together! 📈
