XRP/USDT 1H: Bullish Recovery in Play – Next Resistance $2.75??!
XRP/USDT 1H: Bullish Recovery in Play – Next Key Resistance $2.75?
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Current Market Condition:
Price at $2.67 showing bullish momentum with a strong recovery from $2.50 support.
Market structure indicates the accumulation phase is complete, entering a markup phase.
Smart Money Analysis:
MM accumulation visible in the $2.50-2.55 zone.
Hidden bullish divergence on RSI confirms underlying strength.
Volume increasing on recent green candles.
Institutional buying pressure evident from OB fills.
Trade Setup (Confidence 8/10):
Entry: $2.67-2.70 zone.
Targets:
T1: $2.80
T2: $2.85
Stop Loss: $2.58 (below recent swing low).
Risk Score:
7/10 – Favorable risk-to-reward with a clear stop loss level.
Recommendation:
Long positions are recommended with tight stops. Watch $2.75 as key resistance.
🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
Current Market Condition:
Price at $2.67 showing bullish momentum with a strong recovery from $2.50 support.
Market structure indicates the accumulation phase is complete, entering a markup phase.
Smart Money Analysis:
MM accumulation visible in the $2.50-2.55 zone.
Hidden bullish divergence on RSI confirms underlying strength.
Volume increasing on recent green candles.
Institutional buying pressure evident from OB fills.
Trade Setup (Confidence 8/10):
Entry: $2.67-2.70 zone.
Targets:
T1: $2.80
T2: $2.85
Stop Loss: $2.58 (below recent swing low).
Risk Score:
7/10 – Favorable risk-to-reward with a clear stop loss level.
Recommendation:
Long positions are recommended with tight stops. Watch $2.75 as key resistance.
🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
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.