XRP Coiled in Range — Liquidity Below, Trade Setups AheadXRP has been stuck in a trading range around $3.50 for the past 5 days, offering multiple trade opportunities within the chop.
A notable short was triggered after a swing failure pattern (SFP) at the 0.666 fib retracement level near $3.563.
Now, with liquidity building to the downside, we’re watching closely for the next high-conviction setups.
🧩 Current Structure & Short Setup
🔴 Short Opportunity (Triggered):
SFP + 0.666 fib retracement at $3.563 led to rejection.
Market now shows a head & shoulders pattern forming.
Target: $3.2176 (0.618 fib retracement).
Trigger: Watch for a neckline break + retest for short confirmation.
Stop-loss: Above the right shoulder.
🟢 Long Setup:
Watching for a high-probability long around:
$3.26 → nPOC + 1.272 TBFE
$3.23 → anchored VWAP bands
This zone offers strong confluence and could act as the next launchpad.
Long Trade Plan:
Entry Zone: potential entries between $3.26–$3.22, price action needed for confirmation
Stop-loss: Below swing low at $3.1675
Target (TP): ~$3.40
✍️ Plan: Set alerts near the lows and react to price action at the zone — don’t front-run, let structure confirm.
💡 Pro Tip: Trade the Confluence, Not the Emotion
High-probability trades come from confluence, not guessing.
This setup combines nPOC, TBFE, VWAP, fib levels, and classical market structure (H&S) to map precise zones for both longs and shorts.
Let price come to you and wait for confirmation — especially in a rangebound environment where liquidity hunts are frequent.
Final Thoughts
We’re still rangebound, but liquidity is building below.
Keep an eye on the $3.26–$3.22 support zone for long entries and the H&S neckline for short breakdown confirmation.
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