XRP Investors: Don’t Miss This $1.90–$1.64 Buying Window
XRP's price action is carving out a critical zone—and traders are circling.
The Setup
A clear range is forming between $1.90 and $1.64. For the chart-watchers, this isn't just noise; it's a potential accumulation band. The upper bound acts as a local resistance ceiling, while the lower level represents a historical support floor that's held firm through recent volatility. Breakouts or rejections at these levels will dictate the next major move.
Why It Matters
Ranges like this are a trader's playground. They offer defined risk parameters—a rare luxury in a market that often moves on regulatory whispers and Elon Musk's latest tweet. A decisive close above $1.90 could signal a resumption of the uptrend, targeting previous highs. Conversely, a sustained drop below $1.64 might indicate deeper correction territory. The key is volume; watch for a surge to confirm any directional shift.
The Strategy Play
Smart money isn't just buying the dip—it's planning the dip. Limit orders clustered within this zone suggest institutions and large holders see value here. It's a classic case of building a position patiently, not chasing pumps. Of course, this assumes one believes in the underlying asset's long-term thesis, not just the fleeting hope of a quick flip—a distinction often lost in the casino-like frenzy of crypto markets.
The bottom line? Price is telling a story. The $1.90–$1.64 range is the current chapter, and how it ends will set the tone for the next. Just remember, in finance, a 'buying opportunity' is often just a polite term for 'something just crashed.'
Accumulation Range Still Intact as Long-Term Structure Holds
Osemka also shared his perspective regarding XRP: XRP remains above the 2021 high, the level that has supported XRP for many years.
This indicates XRP has not fallen apart after staying stagnant in terms of price movements for this period, in support of the interpretation that the current trend is the accumulation process.
Within the range, what’s happening looks like the structure of a three-part Wave B flat correction. This indicates the cycle high in January, and no bearish rejection yet; it’s all just side action ever since.
Osemka observed that if XRP slides below the bottom of the range, this could be a solid entry point in the distant future. This analysis matches well the dotted rising range in the pattern, indicating solid corrective action.
He has further observed that there’s a connection between XRP’s corrective action and Bitcoin’s bigger pattern. However, the Bitcoin pattern seems more erratic.
XRP Weekly Chart Reflects Neutral Momentum
The XRP/USD week-long chart illustrates prices attempting to consolidate near $2.17 after quite a stagnant period. The prices are still bounded by the Ichimoku Cloud. This indicates that there is neither positive nor negative control over the markets.
The DMI lines +DI and -DI are nearing each other, and thus, there’s no strong trend. The ADX values are low; hence, prices are most likely going to be range-bound. The RSI values are stuck between 42 and 49.
This indicates that the market has cooled off but not oversold. The MACD index has turned slightly negative with flattening momentum.
