XRP Traders Eye Two Possible Candle Setups as Price Holds Key Support

Source: ETHNews Original Title: XRP Traders Eye Two Possible Candle Setups as Price Holds Key Support Original Link: https://www.ethnews.com/xrp-traders-eye-two-possible-candle-setups-as-price-holds-key-support/ XRP is entering a decisive moment on the 5-day chart, with analysts highlighting two recurring candle patterns that previously triggered sharp moves from the same support zone.

The latest analysis from EGRAG Crypto shows XRP retesting this long-standing area once again, raising the question of whether buyers will step in with the same strength seen earlier in the year.

Chart Shows a Repeatable Demand Zone Forming

The chart outlines two historical points, marked as candle “1” and “2”, where XRP formed strong bullish rebounds after tapping the lower boundary of its consolidation structure. Each time, buyers absorbed selling pressure quickly, creating long wicks and strong follow-through candles.

Now, XRP is testing that level again. The price briefly slid to the $2.02–$2.04 range before stabilizing, which aligns with the same pattern where demand historically emerged. The 2-hour TradingView chart also reflects this hesitation: XRP has been grinding sideways after a multi-day decline, showing early signs of compression rather than continuation.

Why One Scenario Carries Higher Probability

EGRAG notes that both candle setups are technically valid, but one, left undefined in the post, has a slightly higher probability based on the structure of previous rebounds. The consistent theme is clear: every time this support zone held, it led to a sharp, multi-week upside move.

At the moment, XRP’s declining volume and reduced volatility suggest traders are waiting for confirmation rather than aggressively selling the level. If buyers reclaim momentum with a stronger green candle, the pattern would once again mirror earlier bullish outcomes.

Market Waiting for Confirmation

XRP remains close to $2.03 after a slow bleed from the early-December peak. Until the next candle closes, both outcomes remain in play:

• Scenario 1: A decisive bullish candle forms off support, replicating the earlier two rebounds.
• Scenario 2: XRP prints a weaker candle, delaying or invalidating the bullish setup.

EGRAG plans to reveal his preferred scenario later today, but his post already suggests he is leaning toward a repeat of the earlier rebound structure, provided the support continues to hold.

For now, XRP traders are watching the same zone that triggered the last major rallies, waiting to see whether history will rhyme once again.