XRP/USDT 1H: Bullish Momentum Holding – Next Stop $2.95?!

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XRP/USDT 1H: Bullish Momentum Holding – Next Stop $2.95?
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Market Structure & Momentum:
  • Price: $2.73, maintaining bullish structure after breaking $2.60 resistance.
  • RSI at 70.39, indicating strong momentum but nearing overbought conditions.
  • Pattern: Bull flag consolidation after an impulse move, suggesting continuation.



Smart Money Concepts:
  • No significant bearish divergences, confirming strength in trend.
  • Market Makers accumulating within the $2.55-$2.60 zone, preparing for a potential breakout.
  • Price holding above key Smart Money levels, signaling sustained buying pressure.

Trade Setup (Confidence 8/10):
  • Entry Zone: $2.71-$2.73 (current range).
  • Targets:
  • T1: $2.80 (near-term liquidity target).
  • T2: $2.95 (previous swing high).
  • Stop Loss: Below $2.65 (under recent consolidation).

Risk Score:
7/10 – Strong setup, but elevated RSI suggests caution on aggressive entries.
Market Maker Intent:
  • Accumulation phase evident, Smart Money likely targeting $2.80 before a potential retracement.
  • Retest of $2.65 could provide a safer entry before continuation.

Recommendation:
  • Long entries favorable within $2.71-$2.73, but be cautious of overbought RSI.
  • Safer entry would be a retest of $2.65, offering better R:R.
  • Watch for bullish volume confirmation before scaling into positions.


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