XRP/USDT 1H: Distribution Phase Nearing Completion ?!
2025-02-06
Category: None

XRP/USDT 1H:Analysis
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 Current Market Structure: 
 
 Price trading at $2.39 within a bearish structure, showing a clear distribution pattern.
 RSI at 38.06, with hidden bearish divergence signaling continued selling pressure.
 

 Smart Money Concepts: 
 
 Institutional selling evident within the $2.50-$2.60 range, now acting as resistance.
 Current price action suggests Smart Money is accumulating at lower levels, likely targeting a liquidity sweep below $2.30.
 


 Key Levels: 
 
 Resistance: $2.50 (previous support turned resistance).
 Support: $2.30 (major liquidity level).
 
 Risk Score: 
 
 8/10 – High risk due to bearish continuation signals and potential volatility near key levels.
 
 Market Maker Intent: 
 
 Distribution phase appears to be ending, with price targeting liquidity below $2.30.
 Expect potential manipulation and a reversal only after significant accumulation at lower levels.
 
 Recommendation: 
 
 Avoid long positions until $2.50 is reclaimed.
 Monitor for a sweep below $2.30 for possible reversal signs.
 High-risk environment; tight risk management is crucial.
 
 Confidence Level: 
 
 8/10 on bearish continuation with further downside expected.
 
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