XRP Breakdown – Trend Break & Liquidity Zone Retest In Progress

XRP just gave us a clean breakdown below a well-formed ascending structure, violating both its dynamic trendline and horizontal support.

Let’s break down the setup:

🔹 Trend Context: Price was holding cleanly above the MA and respecting a dotted trendline, bouncing off prior breakout zones multiple times. This uptrend was sustained for days, with momentum supported by both MACD histogram expansion and Stoch RSI resets.
🔹 Structure Shift: After a minor consolidation, price rejected from the upper range and aggressively broke below support. The last long was closed during this transition — confirming the momentum was fading.
🔹 Liquidity Zones: The prior resistance-turned-support zone failed, with price wicking below and potentially sweeping stop orders before stabilizing.
🔹 Momentum Flip: MACD histogram has flipped red, and Stoch RSI is deeply oversold. This signals possible short-term exhaustion, but trend structure is clearly damaged.

Traders now face two scenarios:
1️⃣ Bearish case → Breakdown holds, and price trends lower into deeper liquidity (~3.00 or even 2.71).
2️⃣ Bullish case → Price reclaims structure with strength, invalidating the breakdown and trapping early shorts.

Key levels are in play. Wait for confirmation — especially on the retest.

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