XRP May Be Poised for a Final Shakeout Before Its Next Major Move
According to on-chain analytics firm XRP Update, XRP is nearing a critical inflection point, with price action potentially sweeping liquidity into the $1.65–$1.70 support zone. This isn’t just a horizontal level, it converges with a long-term macro trendline, forming a high-confluence area that traders and analysts are watching closely.
At the time of writing, CoinCodex data shows XRP trading near $1.91, meaning a move into the projected support zone would be a healthy pullback, not a breakdown.
Structurally, this resembles a “liquidity sweep” or “shakeout,” where price briefly dips below key levels to trigger stop-losses and clear weak hands before reversing.
Meanwhile, XRP is tightening into a classic compression pattern, signaling that a breakout is approaching, with directional confirmation as the key trigger to watch.
XRP Update says holding the $1.65–$1.70 zone would confirm a classic shakeout → reversal → continuation pattern. This often signals that a temporary pullback has reset momentum, drawn in bargain buyers, and allowed smart money to accumulate ahead of the next major move higher.
The macro trendline gives this zone added weight. Trendlines drawn from major cycle lows often serve as dynamic support in bullish markets, and repeated confirmations only strengthen their technical significance.
A successful defense here would signal that the broader bullish structure remains intact despite recent volatility, especially as data suggests XRP may be poised to outperform gold after seven years of underperformance.
From a sentiment perspective, a dip toward $1.65–$1.70 may feel uncomfortable for short-term traders who bought near recent highs. For long-term participants, however, it could represent a strategic accumulation zone, particularly if on-chain metrics continue to show healthy network activity and steady holder behavior.
Well, XRP holding above $1.90 suggests sellers haven’t seized control. An early return of buyers could allow consolidation at current levels and a renewed push higher, avoiding a deeper pullback. However, the confluence zone flagged by XRP Update remains a critical short-term pivot.
Technically, XRP still risks a final shakeout into the $1.65–$1.70 support range. If that zone holds, it could serve as the launchpad for the next leg of the broader uptrend.
With price hovering near $1.91, XRP is at a decisive inflection point, either a controlled dip into strong support or a surprise upside breakout. The next move is likely to shape its medium-term trend.
Conclusion
XRP is nearing a pivotal point. A potential liquidity sweep into $1.65–$1.70 may act as a reset rather than weakness, aligning with a key macro trendline. Holding this zone could trigger a classic shakeout and continuation higher.
As XRP trades near $1.91, price action at these levels will likely define its medium- to long-term trend, presenting a critical opportunity for early-positioned investors and traders.
Source: https://coinpaper.com/14052/xrp-s-last-shakeout-before-liftoff-the-1-65-1-70-trap-zone
