XRP/USDT 1H: Bullish Reversal in Play – Targeting $2.50?
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Market Structure (Confidence Level: 8/10):
Smart Money Analysis:
Trade Setup:
Risk Score:
Market Maker Activity:
Recommendation:
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Market Structure (Confidence Level: 8/10):
- Strong bullish reversal confirmed after testing $1.95 support.
- RSI showing multiple bullish divergences, with three "Bull" marks on the indicator, signaling upward momentum.
Smart Money Analysis:
- Order block formed at $2.15, confirming demand.
- Break of market structure at $2.19, shifting trend bullish.
- Institutional accumulation visible in recent volume spikes.
Trade Setup:
- Entry: $2.17 - $2.19 (current retest).
- Targets:
- T1: $2.35 (Fair Value Gap).
- T2: $2.50 (major resistance).
- Stop Loss: $1.95 (below recent swing low).
Risk Score:
- 8/10 – Favorable setup, but recent volatility requires careful execution.
Market Maker Activity:
- Currently engineering a stop run above $2.20, likely before a move higher.
- Volume profile supports continuation to premium zones.
Recommendation:
- Long positions remain favorable in the $2.17 - $2.19 entry range.
- Monitor price action near $2.20, as market makers may sweep liquidity before pushing higher.
- Manage risk carefully given recent price swings.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.