XRP/USDT 1H: Bulls Target $3.30 After Accumulation Phase !XRP/USDT 1H Chart Analysis
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Current Structure:
Ranging between $3.05-$3.20, consolidating after rejection at $3.30.
RSI: 39.17, signaling bearish momentum but nearing oversold conditions.
Key Levels:
Support Zone: $3.05-$3.08 (accumulation area).
Resistance Targets:
T1: $3.20
T2: $3.30
Stop Loss: Below $3.04 (recent swing low).
Trade Setup (Confidence Level: 7/10):
Entry: $3.11 (current price).
Targets:
T1: $3.20 (range resistance).
T2: $3.30 (previous rejection level).
Risk Score: 7/10 (favorable liquidity and invalidation).
Smart Money Perspective:
Order Block: $3.05-$3.08 shows significant institutional interest.
Fair Value Gap (FVG): $3.25-$3.28 likely to act as a magnet for price.
Volume Profile: Indicates accumulation by smart money at support levels.
Recommendation:
Consider a long position at $3.11 with tight stops.
Monitor volume for breakout confirmation above $3.20.
MM likely targeting $3.30 once the accumulation phase completes.
Confidence Level: 7/10 for bullish continuation.
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