XRP/USDT 1H: Accumulation Phase – Long Setup Above $2.28

XRP/USDT 1H: Accumulation Phase – Long Setup Above $2.28

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Current Market Conditions (Confidence Level: 7.5/10):
Price consolidating at $2.29 with neutral-bullish structure.
Hidden bearish divergence appearing near premium zone, caution advised.
Market Makers likely accumulating within discount zone ($2.20 – $2.24).

Trade Setup (Long Bias):
Entry: $2.28 – $2.29 range.
Targets:
T1: $2.34
T2: $2.36
Stop Loss: $2.26 (below recent swing low).

Risk Score:
7/10 – Strong ascending trendline support and consolidation favor upside, but bearish RSI divergence introduces slight risk.

Key Observations:
Key resistance located at $2.34, acting as first major target zone.
Support confirmed at $2.26, aligned with ascending trendline.
Consolidation phase indicates possible accumulation before breakout.
Volume profile suggests renewed buying pressure after recent pullback.

Recommendation:
Long positions favored within entry range with tight stop below $2.26.
Consider scaling profits at $2.34 and $2.36 to secure gains.
Monitor price action closely near $2.34 for breakout or rejection signals.

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