Long

XRP/USDT 1H: Accumulation Phase Complete – Eyeing $3.15 Breakout

XRP/USDT 1H Chart Analysis
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Current Market Structure:

Price at $2.69 showing bullish reversal signs after accumulation at discount zone ($2.40-$2.60).
RSI confirming bullish divergence from oversold levels, now trending upward.
Strong volume observed on recovery candles, indicating institutional interest.

Smart Money Concepts:

Market Makers engineered a liquidity grab below $2.40, shaking out weak hands.
Currently in the accumulation phase, preparing for a move toward the premium zone

($3.10-$3.20).

Premium Zone resistance remains the key barrier to further upside.

Key Levels:

Entry Zone: $2.69-$2.71
Targets:
T1: $2.85 (intermediate resistance)
T2: $3.00 (psychological level)
T3: $3.15 (top of premium zone)
Stop Loss: Below $2.58 (recent swing low).

Risk Score:

7/10 - Favorable risk-reward ratio with clear invalidation below the recent lows.

Market Maker Intent:

Accumulation phase at discount zone nearly complete. Expect upward continuation toward liquidity pools around $3.00-$3.10. Watch for strong reactions near the premium zone.

Recommendation:

Long positions favorable within $2.69-$2.71 range. Monitor volume for confirmation of breakout above $2.85. Maintain tight stops to protect against unexpected volatility.

Confidence Level:

8/10 for bullish continuation toward the premium zone.

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Cryptokijker

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