Technical analysis by Sthesh_Don_Billiato about Symbol XRP: Buy recommendation (6/7/2025)

📊 XRP/USDT Chart Breakdown1️⃣ Price Structure Overview* The chart spans roughly from November 2024 to June 2025.* We observe clear market structure changes: * BOS (Break of Structure) and CHoCH (Change of Character) labels mark shifts between bullish and bearish trends. * The current price is consolidating around the \$2.17–\$2.18 level.* Recent local low at \~ \$2.06 (marked as a strong liquidity area).2️⃣ Key Levels and Zones* Demand Zones (Support) * \$2.06 (strong low marked). * Grey and blue shaded zones from \~ \$2.00–\$2.18 acting as a major support cluster.* Supply Zones (Resistance) * \$2.42 (0.382 Fib retracement). * \~\$2.85 (0.618 Fib) to \$3.19 (recent weak high) – high probability resistance on rally. * Psychological resistance around \$3.00. 3️⃣ Fibonacci Retracement & Extension* The Fib tool is applied from the last significant swing high (\~\$3.22)cto the current local swing low (\~\$2.06).* Fib Key Levels: * 0.382 → \$2.42 * 0.5 → \$2.64 * 0.618 → \$2.85 * Full extension → \$3.22* Price currently testing the 0.382–0.5 range, signaling potential bullish continuation if broken.4️⃣ Liquidity Zones* The blue shaded region (\~\$2.00–\$2.18) is a major liquidity zone with strong historical reaction.* Multiple CHoCH points in May-June indicate a possible trend shift to bullish if price holds above \$2.06 and clears \$2.42.5️⃣ Market Context* Daily Structure:Range-bound but with an emerging bullish bias after the \$2.06 low held.* Current Pattern: Accumulation phase after liquidation sweep below \$2.06, possibly gearing for breakout if market conditions stay favorable. 🏆 Correlation with BTC – Recent 7 Weeks of Bullish Momentum 1️⃣ BTC Context* Bitcoin has been on a sustained 7-week bullish run, breaking key resistance levels and reaching new 2025 highs.* This has improved overall crypto market sentiment, leading to increasing altcoin interest.* BTC Dominance is slightly high but showing signs of topping → good for large-cap altcoins like XRP. 2️⃣ Impact on XRP* XRP is attempting to reclaim major levels and follow BTC’s momentum.* BTC’s rally is pulling liquidity into the crypto market, benefiting XRP’s chances of a **breakout above \$2.42–\$2.64.* If BTC consolidates or slightly pulls back without major weakness, XRP could see a strong move towards **\$2.85–\$3.00.--- 3️⃣ Watch For* BTC holding above recent highs → more confidence for altcoins.* BTC correcting sharply → XRP may retest **\$2.06** or lower.* XRP key breakout: **\$2.42–\$2.64** → if broken with volume, targets \$2.85+. 📈 Summary✅ XRP is currently in **accumulation mode** above a strong demand zone.✅ Market structure shows **recent CHoCH indicating potential bullish reversal**.✅ BTC’s 7-week rally has provided a **favorable environment** for XRP to rally if momentum continues.✅ Critical level to reclaim: **\$2.42**.✅ Bullish target if broken: **\$2.85–\$3.22**.✅ Caution: BTC correction could stall XRP at current support.