XRP/USDT 1H: Accumulation Phase – Long Setup Above $2.28
🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
Current Market Conditions (Confidence Level: 7.5/10):
Price consolidating at $2.29 with neutral-bullish structure.
Hidden bearish divergence appearing near premium zone, caution advised.
Market Makers likely accumulating within discount zone ($2.20 – $2.24).
Trade Setup (Long Bias):
Entry: $2.28 – $2.29 range.
Targets:
T1: $2.34
T2: $2.36
Stop Loss: $2.26 (below recent swing low).
Risk Score:
7/10 – Strong ascending trendline support and consolidation favor upside, but bearish RSI divergence introduces slight risk.
Key Observations:
Key resistance located at $2.34, acting as first major target zone.
Support confirmed at $2.26, aligned with ascending trendline.
Consolidation phase indicates possible accumulation before breakout.
Volume profile suggests renewed buying pressure after recent pullback.
Recommendation:
Long positions favored within entry range with tight stop below $2.26.
Consider scaling profits at $2.34 and $2.36 to secure gains.
Monitor price action closely near $2.34 for breakout or rejection signals.
🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
Current Market Conditions (Confidence Level: 7.5/10):
Price consolidating at $2.29 with neutral-bullish structure.
Hidden bearish divergence appearing near premium zone, caution advised.
Market Makers likely accumulating within discount zone ($2.20 – $2.24).
Trade Setup (Long Bias):
Entry: $2.28 – $2.29 range.
Targets:
T1: $2.34
T2: $2.36
Stop Loss: $2.26 (below recent swing low).
Risk Score:
7/10 – Strong ascending trendline support and consolidation favor upside, but bearish RSI divergence introduces slight risk.
Key Observations:
Key resistance located at $2.34, acting as first major target zone.
Support confirmed at $2.26, aligned with ascending trendline.
Consolidation phase indicates possible accumulation before breakout.
Volume profile suggests renewed buying pressure after recent pullback.
Recommendation:
Long positions favored within entry range with tight stop below $2.26.
Consider scaling profits at $2.34 and $2.36 to secure gains.
Monitor price action closely near $2.34 for breakout or rejection signals.
🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
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.
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.