My thoughts on XRP #trading

18 Jul 2023 · 1 min

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In this video segment, The Art Of Crypto provides a concise technical analysis of XRP, outlining a methodical approach to assess its short‑term direction. The narrator emphasizes pinpointing only two significant price structures—the 0.5 retracement level and the fair‑value gap—while dismissing other price points as noise. By marking these key levels, traders can make an educated guess about which level the price will target next, establishing a high‑timeframe bias. Observing that price has already swept existing liquidity, the analyst predicts that XRP will likely enter a range, describing where to take profits at the range low and where liquidity may build at the range high. The overall tone is instructional and analytical, with a cautiously optimistic stance toward the anticipated range formation.

Chapters

XRP. Now what is going on with XRP? Is it gonna keep going higher or not? So step 1, look for, like in the event that we are bullish, I'm going to be wanting to get into a retracement and that's gonna be at the 0.5 here as well as the 1 of the fair value gap over there. Now basically these are the only significant levels for XRP. Anything else is going to just be noise. Once you have your key levels marked out is that now you need to make an educated guess. Price, where price currently is, you need to make an educated guess on which key levels that price is going to target first. And that's how you get your high timeframe bias. Since given that price has already swept the liquidity here, what I really think is likely to happen is that you're just gonna form a range. So range low, just take profit somewhere here or somewhere here. And range high, okay, you build up liquidity, you build up liquidity.