XRP is currently trading within a well-defined support zone, showing potential signs of a bullish reversal after multiple structure shifts (CHoCH) indicating seller exhaustion. Price tapped into the support area with a rejection wick, suggesting strong buyer interest.
The entry zone is highlighted near the support, aligning with liquidity sweep and a possible accumulation phase. A clean break of internal structure toward the upside would confirm bullish momentum.
As buyers gain control, the market is expected to form a higher-low structure before pushing toward the target zone, potentially reclaiming previous highs. The overall setup favors a buy scenario, with confirmation upon sustained bullish candles above minor resistance.
Key Points:
• Timeframe: 15M
• Zone: Support Rejection / Liquidity Sweep
• Entry: Near support confirmation
• Bias: Bullish Reversal
• Target: Previous strong high level
The entry zone is highlighted near the support, aligning with liquidity sweep and a possible accumulation phase. A clean break of internal structure toward the upside would confirm bullish momentum.
As buyers gain control, the market is expected to form a higher-low structure before pushing toward the target zone, potentially reclaiming previous highs. The overall setup favors a buy scenario, with confirmation upon sustained bullish candles above minor resistance.
Key Points:
• Timeframe: 15M
• Zone: Support Rejection / Liquidity Sweep
• Entry: Near support confirmation
• Bias: Bullish Reversal
• Target: Previous strong high level
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.