XRP rebounds from $1.32 low, traders eye $1.42 breakout for next move

XRP experienced a sharp decline to $1.32 this week, sweeping through a significant zone of sell-side liquidity before posting a rapid recovery to $1.40. The price action attracted close analysis from market participants and prompted traders to monitor whether the asset can sustain this reversal and reclaim higher levels in the coming sessions. Analyst Xaif (@Xaif_Crypto) examined the situation using the 1-hour chart and highlighted two main technical indicators in his review: the BigBeluga Smart Money Concepts tool and the LuxAlgo Buyside and Sellside Liquidity indicator.

Source: CoinTurk News