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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