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! 🚀
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! 🚀
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.