XRP Pulls Back After Hitting Target Zone at $2.60

After a quick rally that pushed toward $2.70, XRP reversed exactly as anticipated, allowing them to close their trade at the pre-identified target around $2.60. The 15-minute chart tells the story: a liquidity sweep above trendline resistance followed by a sharp drop back into consolidation—textbook technical execution.

The Liquidity Sweep

This trade showcased disciplined execution—entering on confirmation and exiting at a planned target instead of chasing the move. XRP’s liquidity grab and clean retracement validated LSTRADER technical read. Now, with volatility cooling off, the next breakout from the $2.60–$2.70 range will likely set XRP’s tone heading into early November. XRP initially broke above a long-held ascending trendline, tapping a liquidity pool marked near $2.69–$2.70. But the breakout didn’t last. Once stop orders got triggered, sellers jumped in and pushed price lower—a classic liquidity trap. The fake breakout above the green trendline grabbed liquidity before flipping direction.

Price then dropped into the highlighted target zone around $2.60, matching the trader’s exit point almost perfectly. The shift from a steep climb to sideways action signals a move from accumulation to profit-taking—typical behavior at short-term resistance.

This setup shows how liquidity hunting drives intraday strategies. Smart money targets clusters of stop orders before reversing or resetting the trend.

Technical Outlook

Key Levels to Watch:

• Immediate Resistance: $2.68–$2.70 (previous liquidity sweep zone)
• Short-Term Support: $2.58–$2.60 (completed target and local floor)
• Trend Bias: Neutral-to-bullish if $2.60 holds; bearish below $2.58
• Next Breakout Zones: Above $2.70 or below $2.58 for directional clarity

Despite the pullback, XRP is still within a broader uptrend channel, meaning more opportunities could emerge if momentum picks back up above $2.68.