XRP stuck under $1.65 for months; watch $1.10/$0.87 liquidity sweep
XRP don dey trade under di main resistance wey be $1.65 for almost four months, wit plenty failed breakout where sellers dey absorb di upside and buyers don dey cautious. Analyst CasiTrades talk say anytime dem try take back $1.65 e dey trigger new selling, wey dey weaken XRP momentum and dey increase chance say e fit push down again.
Main downside levels for XRP na $1.10 and $0.87, dem see dem as liquidity-rich areas where demand fit return and act as positioning reset no be permanent breakdown. Traders dey also dey watch for one “liquidity sweep,” movement wey fit clear leveraged positions near major levels before any big trend start.
As of di time wey dem write dis, XRP dey around $1.33 (down 2.83% over di past week). Whale activity reportedly don drop by more than 50%, show say big holders dey wait for clear direction. Wit XRP compressed between $1.65 resistance and supports down, volatility fit expand once XRP break im range—either e hold above $1.65 for possible medium-term reversal, or e drawdown toward $1.10/$0.87.
Neutral
Di tori tok news na biriish go neutral for XRP for short term but e still leave chance for upside if dem fit retake $1.65. The repeated rejection under $1.65 for months and the say make every retest trigger selling show sey down pressure dey and say e likely dem go do one liquidity sweep wey go clear leveraged positions. The highlighted supports for $1.10 and $0.87 na clear places where buyers fit enter again, wey fit limit downside and make reset instead of immediate trend collapse. Big warning be say whale activity don fall (>50% reported drop), mean sey big holders dey wait and fit no support any upside breakout yet. For traders, e set range-bound market until XRP break. If e hold above $1.65 steady, e go better medium-term view and cancel the bearish momentum idea, but if e fail there XRP fit draw down to $1.10/$0.87. So overall expected impact on XRP na neutral, leaning risk-managed bearish till direction clear.