XRP/USDT 1H: Bulls Target $3.30 After Accumulation Phase !

XRP/USDT 1H Chart Analysis
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Current Structure:

• Ranging between $3.05-$3.20, consolidating after rejection at $3.30.
  
• RSI: 39.17, signaling bearish momentum but nearing oversold conditions.
  

Key Levels:

• Support Zone: $3.05-$3.08 (accumulation area).
  
• Resistance Targets:
  
• T1: $3.20
  
• T2: $3.30
  
• Stop Loss: Below $3.04 (recent swing low).
  

Trade Setup (Confidence Level: 7/10):

• Entry: $3.11 (current price).
  
• Targets:
  
• T1: $3.20 (range resistance).
  
• T2: $3.30 (previous rejection level).
  
• Risk Score: 7/10 (favorable liquidity and invalidation).
  

Smart Money Perspective:

• Order Block: $3.05-$3.08 shows significant institutional interest.
  
• Fair Value Gap (FVG): $3.25-$3.28 likely to act as a magnet for price.
  
• Volume Profile: Indicates accumulation by smart money at support levels.
  

Recommendation:

• Consider a long position at $3.11 with tight stops.
  
• Monitor volume for breakout confirmation above $3.20.
  
• MM likely targeting $3.30 once the accumulation phase completes.
  
• Confidence Level: 7/10 for bullish continuation.
  

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