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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