A Surprising Surge in XRP Price
Our previous XRP price prediction analysis highlighted XRP's approach to a strong supply zone after leaving liquidity above. As anticipated, the price reacted upon reaching that supply zone, creating an opportunity for traders to move their stop loss to break even, a crucial strategy to protect positions.
However, what happened next came as a surprise. XRP surged upward with significant volume, a move that outpaced predictions and aligned with a supply zone we had identified in our XRP price prediction analysis from January 3rd. As is usually the case in such scenarios, XRP created new liquidity before targeting the supply zone above.
XRP Price Prediction: Key Points for the Week
After such a substantial move, the market often enters a phase of accumulation, manipulation, and distribution, concepts that lie at the heart of the Power of 3 trading strategy. Currently, XRP is setting up for its next major move.
Here are some key points to watch for XRP price prediction this week:
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