The Trust Layer for Market Analysts

The analysis focuses on XRPUSDT, noting a current bullish momentum that emerged over the weekend, although overall price stability has been observed since recent spot buying ceased. Technical indicators, specifically the Cumulative Volume Delta (CVD), reveal net long positions being established and short positions closing, yet the price has maintained stability or exhibited lower lows. A critical local bottom has been established at 1.84, supported by bullish divergences and absorption of selling pressure. Examination of lower timeframes shows two single print imbalances at 1.85 and 1.81. Historically, XRP has tended to fill such imbalances. The immediate question is whether a rally to the critical resistance around $2.00 (ranging from 1.98 to 2.02) will occur before or after these imbalances are filled. The market structure below $2.00 is considered bearish. The speaker emphasizes monitoring the price behavior at $2.00 and the 1.84-1.85 support zone. A slight preference is indicated for a retrace to fill the 1.86/1.84 area, followed by a rally towards $2.00, assuming no negative news. Breaking the $2.00 resistance is anticipated to be challenging, though improving Bitcoin fundamentals could provide upward impetus.