XRP/USDT 1H: Accumulation in Play – Next Move to $2.70?
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Current Market Structure (Confidence 8/10):
Trade Setup:
Risk Score:
Market Maker Intent:
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Current Market Structure (Confidence 8/10):
- Price consolidating between $2.45 - $2.52, maintaining equilibrium after a recent rally.
- Market Makers (MMs) completed distribution at $2.90, now transitioning into an accumulation phase at $2.49.
- Hidden bullish divergence forming on RSI, while price maintains higher lows, signaling potential upside.
Trade Setup:
- Entry: Long at $2.48 for optimal positioning.
- Targets:
- T1: $2.62 (Previous Consolidation High – PCH).
- T2: $2.70 (Premium Zone).
- Stop Loss: Below liquidity void at $2.42.
Risk Score:
- 7/10 – Favorable risk-to-reward setup, supported by bullish divergence and support structure.
Market Maker Intent:
- Accumulation phase ongoing, with MMs likely engineering a liquidity grab before a push higher.
- Watch for a potential stop hunt below $2.45 before strong continuation toward premium zones.
- Smart Money Insight:
- Clear SMC structure suggests a bullish continuation, aligning with volume and momentum indicators.
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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.