 XRP/USDT Bullish Outlook
2024-12-10
Category: None

The 4H Fair Value Gap (FVG) at $2.066 has now been fully filled, providing an ideal setup for a potential bullish reversal. This level aligns with a strong demand zone, making it a key area of interest for buyers.

Why I’m Bullish:
1️⃣ Key FVG Filled: Price has efficiently filled the $2.066 FVG, signaling a clean slate for upward momentum.
2️⃣ Demand Zone Support: This zone has consistently shown buyer interest, creating a solid base for a reversal.
3️⃣ Upside Potential: Multiple targets to the upside, including $2.36, $2.60, and ultimately $3.00, which is a psychological resistance and significant structural level.

Trade Setup:
Entry Zone: $2.07–$2.10.
Take Profit Levels:
First TP: $2.36 (local resistance).
Second TP: $2.60 (key Order Block).
Third TP: $3.00 (psychological and structural level).
Stop Loss: Below $2.00 to ensure proper risk management.
The structure suggests strong potential for a bullish continuation from this point. Let’s see if XRP can push toward higher highs and reach our ultimate target of $3.00! 🚀