XRP/USDT 1H: Bulls Target $3.30 After Accumulation Phase !
2025-01-23
Category: None

XRP/USDT 1H Chart Analysis
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 Current Structure: 
 
 Ranging between $3.05-$3.20, consolidating after rejection at $3.30.
 RSI: 39.17, signaling bearish momentum but nearing oversold conditions.
 

 Key Levels: 
 
 Support Zone: $3.05-$3.08 (accumulation area).
 Resistance Targets:
 T1: $3.20
 T2: $3.30
 Stop Loss: Below $3.04 (recent swing low).
 

 Trade Setup (Confidence Level: 7/10): 
 
 Entry: $3.11 (current price).
 Targets:
 T1: $3.20 (range resistance).
 T2: $3.30 (previous rejection level).
 Risk Score: 7/10 (favorable liquidity and invalidation).
 
 
 Smart Money Perspective: 
 
 Order Block: $3.05-$3.08 shows significant institutional interest.
 Fair Value Gap (FVG): $3.25-$3.28 likely to act as a magnet for price.
 Volume Profile: Indicates accumulation by smart money at support levels.
 
 
 Recommendation: 
 
 Consider a long position at $3.11 with tight stops.
 Monitor volume for breakout confirmation above $3.20.
 MM likely targeting $3.30 once the accumulation phase completes.
 Confidence Level: 7/10 for bullish continuation.
 

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