Top Trader Says This XRP Set Up Will Probably Piss a Lot of Folks Off

Crypto analyst and trader 360Trader has outlined a cautious outlook for XRP, noting a combination of technical indicators that suggest a possible move lower before any sustained upside.

In an X post, the analyst shared a detailed weekly chart of the XRP/USD pair on Kraken, noting that the current setup may not align with many market participants’ expectations.

The analyst stated that a formation is developing “that will probably piss a lot of folks off,” indicating that the anticipated move could run counter to prevailing bullish sentiment. The chart provided shows XRP trading below a marked resistance level while consolidating after a prior upward move, with several structural and volume-based signals converging.

Volume Profile and Fair Value Gap in Focus

360Trader drew attention to the Visible Range Volume Profile (VRVP), noting that it is “yelling” at traders. This tool highlights areas of significant trading activity.

In this case, it suggests that XRP may revisit lower-volume zones before establishing stronger support. The chart also identifies a large Fair Value Gap (FVG) on the weekly timeframe, which typically represents an imbalance in price action that markets often revisit.

According to the analyst, this FVG sits below the current price and aligns with a broader area of interest. The implication is that XRP could move downward to fill this gap, a behavior commonly observed in technical market structures. The presence of both the VRVP signal and the FVG strengthens the case for a potential retracement.

Breakdown of Structure and Long-Term Trendline

In addition to volume and imbalance indicators, 360Trader pointed to a breakdown in what he described as the “top structure.” This suggests that XRP has already lost a key level of support, which may now act as resistance. The chart further shows a long-term trendline, which the analyst claims is also signaling a possible downside move.

The convergence of these elements forms the basis of his outlook. If the setup fully develops, 360Trader identified a target of around $0.65. Despite the bearish implication of this move, he indicated a clear strategy, stating that he would consider entering a strong long position at that level.

Mixed Reactions From Market Participants

Responses to the post reflect differing interpretations of XRP’s trajectory. One user, Game Reaper 187, expressed skepticism about such a deep decline but acknowledged the possibility of both downward movement and an upward breakout. The commenter added that they are maintaining liquidity to respond to either scenario.

Another user, ChartNerd, agreed with the analysis and noted that they have been observing similar signals for months. This alignment suggests that some traders see the current setup as part of a longer-developing pattern rather than a sudden shift.

Overall, 360Trader’s post presents a structured technical argument that emphasizes caution in the near term while identifying a potential opportunity if the price reaches lower levels.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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