XRP/USDT 1H: Strong Momentum – Targeting $2.80?
2025-02-08
Category: None

XRP/USDT 1H: Analysis 
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 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.
 
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