BTC, ETH, and XRP Navigate the Final Shakeout – A Liquidity Hunt Phase

Bitcoin, Ethereum, and XRP are currently undergoing a liquidity hunt phase as they navigate the ‘Final Shakeout’. While this period reveals potential accumulation signals, it remains unclear if it will signify a shift into recovery. 2023 saw similar patterns during market corrections. Notably, BTC’s price action is characterized by downward sweeps near key support zones. This aligns with earlier correction phases, suggesting a potential liquidity collection phase before any price rebound. While ETH mirrored BTC’s behavior, the price action showcased a descent followed by brief stabilization attempts. However, it failed to reclaim lost levels and highlights the ongoing ‘Final Shakeout’. XRP exhibits relative resilience during this period, showing a smaller drop compared with its peers. This suggests temporary capital rotation, but the final shakeout remains relevant until stronger upward signals are seen. 2023 saw similar patterns during market corrections. Notably, BTC’s price action is characterized by downward sweeps near key support zones. This aligns with earlier correction phases, suggesting a potential liquidity collection phase before any price rebound.