XRP/USDT 1H: Bulls Eye $3.35 After Key Liquidity Sweep !
2025-01-31
Category: None

XRP/USDT 1H Chart Analysis
🚀 Follow me on TradingView if you respect our charts 📈Daily new charts!

 Current Market Structure: 
 
 Bullish trend confirmed after a liquidity sweep at 2.65.
 Smart Money Activity: Accumulation phase evident with clear order blocks around 3.12.
 Risk Score: 7/10 (favorable setup).
 

 Trade Setup: 
 
 Entry Zone: 3.17 - 3.18 (current price).
 Targets:
 T1: 3.25 (premium zone).
 T2: 3.35 (previous high).
 Stop Loss: Below 3.11 (recent order block).
 

 Key Observations: 
 
 RSI: Bullish divergence forming at 57, supporting upside potential.
 Premium Zone: Identified at 3.20 - 3.25.
 Market Maker Intent: Targeting liquidity above 3.35.
 No bearish divergences present, further supporting bullish bias.
 

 Recommendation: 
 
 Long positions favorable within the 3.17 - 3.18 range.
 Maintain tight stops below 3.11 to limit downside risk.
 Watch for volume confirmation to strengthen confidence in the breakout.
 Confidence Level: 8/10 for bullish continuation.
 
🚀 Follow me on TradingView if you respect our charts 📈Daily new charts!