XRP is trading at $2.02 after falling almost 7% over the last 24 hours. Despite the pressure, it remains above key levels that have acted as support for much of the past year.
Meanwhile, trading volume for the token reached $3.8 billion over the same period. The price action has stayed within a narrow range, with XRP moving between $2.00 and $2.21 in the last day. The weekly scale also shows some weakness, with the asset dropping by over 2%.
Wyckoff Setup Shows Support Still Holding
A Wyckoff reaccumulation structure, shared by analyst ChartNerd, places XRP near the bottom of a multi-month range. On the chart, it is positioned in what’s known as Phase C — an area where a short-lived dip below support (a “Spring”) can form before a reversal. They wrote,
“If $XRP deviates below its multi-month support, you now know what I’m looking for.”
Source: ChartNerd/X
If the pattern plays out, the next steps would involve a recovery back into the range, followed by a breakout throug
We współpracy z: https://cryptopotato.com/xrp-defends-the-2-level-is-the-wyckoff-pattern-still-unfolding/
