XRP / USDTLong
XRP/USDT 1H: Bulls Eye $3.35 After Key Liquidity Sweep !
XRP/USDT 1H Chart Analysis
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Current Market Structure:
Trade Setup:
Key Observations:
Recommendation:
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Current Market Structure:
- Bullish trend confirmed after a liquidity sweep at 2.65.
- Smart Money Activity: Accumulation phase evident with clear order blocks around 3.12.
- Risk Score: 7/10 (favorable setup).
Trade Setup:
- Entry Zone: 3.17 - 3.18 (current price).
- Targets:
- T1: 3.25 (premium zone).
- T2: 3.35 (previous high).
- Stop Loss: Below 3.11 (recent order block).
Key Observations:
- RSI: Bullish divergence forming at 57, supporting upside potential.
- Premium Zone: Identified at 3.20 - 3.25.
- Market Maker Intent: Targeting liquidity above 3.35.
- No bearish divergences present, further supporting bullish bias.
Recommendation:
- Long positions favorable within the 3.17 - 3.18 range.
- Maintain tight stops below 3.11 to limit downside risk.
- Watch for volume confirmation to strengthen confidence in the breakout.
- Confidence Level: 8/10 for bullish continuation.
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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.