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