XRP / USDTLong
XRP/USDT 1H: Bulls Charging Toward $3.25 !
XRP/USDT 1H Chart Analysis (Smart Money Concepts)
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Current Market Structure:
Key Levels:
Trade Setup (Confidence Level: 8/10):
Market Maker Analysis:
Recommendation:
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Current Market Structure:
- Bullish momentum following a break above $3.10 resistance.
- RSI: 65.55, indicating strong momentum but nearing overbought conditions.
Key Levels:
- Support: $3.10
- Resistance: $3.25 (premium zone).
- Fair Value Gap (FVG): $2.90-$3.00
Trade Setup (Confidence Level: 8/10):
- Entry Zone: $3.12-$3.13 (on pullback).
- Targets:
- T1: $3.20
- T2: $3.25
- Stop Loss: Below $3.08 (recent swing low).
- Risk Score: 7/10 (moderate risk with tight management).
Market Maker Analysis:
- Accumulation phase confirmed at $2.70-$2.80.
- Distribution likely above $3.25.
- Volume profile supports continuation toward premium zones.
Recommendation:
- Long position is favorable within the $3.12-$3.13 range.
- Watch for a clean breakout above $3.20 to confirm continuation to $3.25.
- Manage risk with a stop below $3.08.
- 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.