XRP/USDT 1H: Accumulation Phase Complete – Eyeing $3.15 Breakout
2025-02-04
Category: None

XRP/USDT 1H Chart Analysis
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 Current Market Structure: 
 
 Price at $2.69 showing bullish reversal signs after accumulation at discount zone ($2.40-$2.60).
 RSI confirming bullish divergence from oversold levels, now trending upward.
 Strong volume observed on recovery candles, indicating institutional interest.
 

 Smart Money Concepts: 
 
 Market Makers engineered a liquidity grab below $2.40, shaking out weak hands.
 Currently in the accumulation phase, preparing for a move toward the premium zone 
 ($3.10-$3.20).
 
 Premium Zone resistance remains the key barrier to further upside.
 

 Key Levels: 
 
 Entry Zone: $2.69-$2.71
 Targets:
 T1: $2.85 (intermediate resistance)
 T2: $3.00 (psychological level)
 T3: $3.15 (top of premium zone)
 Stop Loss: Below $2.58 (recent swing low).
 
 Risk Score: 
 
 7/10 - Favorable risk-reward ratio with clear invalidation below the recent lows.
 

 Market Maker Intent: 
 
 Accumulation phase at discount zone nearly complete. Expect upward continuation toward liquidity pools around $3.00-$3.10. Watch for strong reactions near the premium zone.
 

 Recommendation: 
 
 Long positions favorable within $2.69-$2.71 range. Monitor volume for confirmation of breakout above $2.85. Maintain tight stops to protect against unexpected volatility.
 

Confidence Level:
 
 8/10 for bullish continuation toward the premium zone.
 
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