⬤ XRP’s recent price movement is playing out almost exactly as a Wyckoff reaccumulation pattern predicted. After getting rejected above $2, the cryptocurrency has now dropped to the $1.50 area that analyst had identified as a likely spring target. The chart shows XRP following this technical roadmap with surprising accuracy.
⬤ The setup shows all the classic Wyckoff phases labeled A through E. XRP built a trading range first, then went through consolidation in Phase B. From there, price slid down along what traders call the “creek” – basically a descending channel that showed momentum fading – before dropping into Phase C.
⬤ The current dip to $1.50 fits the spring phase perfectly. This is where price briefly pokes below support to shake out weak hands and test if there’s any selling pressure left. As one analyst noted, “The spring phase typically brings sharp volatility and fake breakdowns that trap impatient sellers.” Right now, only the spring itself is confirmed – whether XRP actually bounces back across the creek is still up in the air.
⬤ This matters because Wyckoff structures help traders make sense of what’s happening during long consolidation periods like this. The fact that XRP respected the $1.50 level so precisely confirms it’s a real demand zone that buyers are defending. What happens next at this spring level will likely set the tone for XRP’s direction after failing to hold $2.
XRP Tests $1.50 Support Level After Wyckoff Spring Pattern Emerges Following $2 Rejection
⬤ XRP’s recent price movement is playing out almost exactly as a Wyckoff reaccumulation pattern predicted. After getting rejected above $2, the cryptocurrency has now dropped to the $1.50 area that analyst had identified as a likely spring target. The chart shows XRP following this technical roadmap with surprising accuracy.
⬤ The setup shows all the classic Wyckoff phases labeled A through E. XRP built a trading range first, then went through consolidation in Phase B. From there, price slid down along what traders call the “creek” – basically a descending channel that showed momentum fading – before dropping into Phase C.
⬤ The current dip to $1.50 fits the spring phase perfectly. This is where price briefly pokes below support to shake out weak hands and test if there’s any selling pressure left. As one analyst noted, “The spring phase typically brings sharp volatility and fake breakdowns that trap impatient sellers.” Right now, only the spring itself is confirmed – whether XRP actually bounces back across the creek is still up in the air.
⬤ This matters because Wyckoff structures help traders make sense of what’s happening during long consolidation periods like this. The fact that XRP respected the $1.50 level so precisely confirms it’s a real demand zone that buyers are defending. What happens next at this spring level will likely set the tone for XRP’s direction after failing to hold $2.