I’m still holding my XRP/USD long position, but price recently broke to the downside from a wedge formation. Instead of continuing directly toward my TP, it’s now seeking engineered liquidity before making its next move.
🔎 Key Observations: ✅ Liquidity Grab: Price is dipping into a key liquidity zone, sweeping weak hands before a potential move back up. ✅ 30M Order Block: I’ve identified a demand zone around 2.8170, which could act as support for a reversal. ✅ Bullish Continuation? If price holds the 2.8170 area and reacts strongly, I anticipate a move back toward TP levels. However, if this zone fails, I’ll reassess my bias.
🎯 Plan Moving Forward: 📌 Watching the 30M order block reaction closely. 📌 If bullish confirmation appears, I expect a push back toward my TP. 📌 If invalidated, I’ll adjust my trade accordingly.
Let me know what you think—are you still bullish on XRP/USD? Drop your thoughts in the comments!