Long

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

XRP/USDT 1H: Analysis
🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
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.

🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!

Cryptokijker

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Cryptokijker