XRP / USDT
Long

XRP/USDT 1H: Strong Momentum – Targeting $2.80?

383
XRP/USDT 1H: Analysis
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Current Market Structure:
  • Bullish breakout above $2.40 resistance, confirming upward momentum.
  • Price at $2.48, with RSI at 59.44, indicating strength but not yet overbought.

Smart Money Concepts:
  • Accumulation seen in the $2.30-$2.40 zone, forming a clear Order Block (OB).
  • Liquidity likely being engineered for a push toward premium levels.


Key Levels:
  • Support: $2.30 (Point of Interest - POI).
  • Resistance: $2.60, $2.80 (premium zone).
  • Stop Loss: Below $2.28 (recent low).
  • Targets:
  • T1: $2.60 (first resistance level).
  • T2: $2.80 (premium zone).

Hidden Divergence:
  • Bullish hidden divergence on RSI supports continuation to the upside.

Risk Score:
  • 8/10 – Strong setup with clear risk-to-reward and well-defined invalidation.

Market Maker Intent:
  • Smart Money likely accumulating within the demand zone for a move to the premium zone.
  • Key levels at $2.60 and $2.80 could serve as magnet areas for liquidity grabs.

Recommendation:
  • Long entry favorable at current price ($2.48).
  • Maintain tight stops below $2.28 to minimize risk.
  • Watch for price action near $2.60 for potential reaction before further upside.

Confidence Level:
  • 8/10 – Strong bullish structure with Smart Money accumulation signals.

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