TLDR:
- Three major exchanges show unswept XRP lows: KuCoin at $1.08, Bitfinex at $1.00, and Binance perp at $0.77.
- Historical mean-reversion data suggests 45% average pullback could target the $0.75 to $0.65 support zone.
- Seven exchange lows already swept including Poloniex, Gemini, Coinbase, Bitstamp, and Binance spot pairs.
- Two scenario paths emerge: rapid liquidity sweep with violent reversal or slow bleed to targets before bounce.
XRP price action has captured attention from technical analysts who point to specific exchange liquidity levels yet to be tested.
Crypto analyst EGRAG CRYPTO highlighted several key price points across major trading platforms that could serve as downside targets.
The analysis combines historical mean-reversion patterns with unfilled liquidity zones on exchange charts. Market participants now watch whether these levels will be reached before any reversal occurs.
Untapped Exchange Lows and Mean-Reversion Data
Three major exchange price levels remain unswept according to EGRAG CRYPTO’s recent analysis. KuCoin’s XRP/USDT pair shows a low of $1.08 that has not been taken yet.
Bitfinex recorded an XRP/USD low at $1.00 that also remains untouched. Binance perpetual futures for XRP/USD marked a wick down to $0.77 without a subsequent test.
The analyst contrasted these with already-swept levels across multiple platforms. Poloniex, Gemini, Coinbase, Bitstamp, TradingView, and Binance spot all saw their respective lows tested in recent price action.
Poloniex XRP/USDT touched $2.26 while the USD pair hit $2.17 during previous drawdowns. Gemini reached $2.10, Coinbase dropped to $1.77, and Bitstamp found support at $1.58 before bouncing.
Historical mean-reversion patterns from the Super Guppy indicator add context to potential downside projections. Cycle 1 showed approximately 50% retracement from local highs during previous corrections.
Cycle 2 demonstrated around 40% pullback before finding support and reversing. The average of these two cycles suggests roughly 45% mean reversion could occur.
Based on this historical data, the analyst projects a potential final sweep into the $0.75 to $0.65 range. This zone aligns with macro green uptrend support visible on longer-term charts.
The level also represents where remaining liquidity completion would occur across exchanges. An ascending triangle pattern on higher timeframes would remain structurally valid even with a move to this area.
Two Scenario Paths and Technical Structure
The analysis presents two distinct paths forward for XRP price development. The first scenario involves a rapid liquidity sweep followed by an immediate violent reclaim of higher levels.
This pattern typically generates the fastest reversals when market sentiment reaches maximum pain. Such moves often catch traders off guard after capitulation moments.
The alternative path involves a slower price bleed toward the $0.75 to $0.65 zone over an extended period. After tagging these levels and completing the liquidity sweep, a reversal would then commence.
Both scenarios ultimately lead to the same technical outcome despite different timeframes and volatility profiles.
EGRAG CRYPTO emphasized viewing this as structural price action rather than emotional market behavior. The analyst noted that Binance printed the most aggressive downward wick visible on current charts.
The commentary stressed that tolerance for potential moves to $0.75 to $0.65 separates long-term holders from short-term participants.
The analyst disclosed maintaining a long-term position untouched while actively trading the macro range. Dollar-cost averaging continues for core holdings alongside cash reserves held for optimal entry timing.
This approach separates strategic accumulation from tactical trading within the broader price structure.
The post XRP Faces Potential Downside Targets as Exchange Liquidity Levels Remain Unswept appeared first on Blockonomi.
Source: https://blockonomi.com/xrp-faces-potential-downside-targets-as-exchange-liquidity-levels-remain-unswept/
