XRP Consolidates at $2.7–$3.4 After Liquidity Sweep
XRP price recently broke above $3.4, triggering a liquidity sweep that trapped over-leveraged longs before a sharp decline back to the $2.7 support zone. This retreat aligns with the 0.5 Fibonacci retracement level and has led to consolidation between $2.7 and $3.4. On the 4-hour chart, XRP is range-bound at $2.7 support and $3.1 resistance, reflecting classic bull trap dynamics and smart money activity. Traders should monitor a clear breakout above $3.1 to target a retest of $3.4 or watch for a breakdown below $2.7 to expose the next support at $2.58. The next decisive move will shape short-term direction once consolidation concludes.
Neutral
The article describes XRP entering a consolidation phase after a liquidity sweep and bull trap around the $3.4 level. Historical patterns show that such sideways ranges often precede a strong breakout but don’t inherently signal bullish or bearish bias. Traders need confirmation above $3.1 for upside or below $2.7 for downside. Given the lack of a decisive move and mixed liquidity dynamics, the immediate outlook remains neutral until a clear directional breakout occurs.