Sweep-&-Reclaim at Range HighXRP is holding the upper third of the range with liquidity building on both sides. Classic SMC setup: sweep the inside of the range → reclaim → trend continuation upward. Confluence from author view: strenSetup & Levels
Entry idea: $2.70-2.80 (limit after reclaim)
Stop: $2.62 (below range low/liquidity pocket) → -9.66%
Target: $3.70 → +33.59%
R:R: ~3.29 : 1
Decision/Flip zone: prior range high / reclaim line around $2.90
Liquidity pools: equal lows cluster below $2.70–$2.62, resting buys above $3.30–$3.50 into $3.70
Scenarios
A) Sweep & Reclaim (Preferred)
Trigger: Wick below the mid/inner range (ideally toward $2.80–$2.75), H1/H4 SFP + close back above $2.90 (acceptance).
Execution: Buy the reclaim > $2.90 or first retest of $2.90 as support.
Targets:
TP1: $3.25–$3.35 (range mid/imbalance fill)** — reduce 30–50%
TP2: $3.70 (range high extension)
Invalidation: H4 close back below $2.90 after reclaim (failed acceptance) or hard stop $2.62.
B) Direct Continuation from $2.90
Trigger: Clean H1/H4 hold above $2.90 without deep sweep.
Execution: Limit at $2.90–$2.93 with tight risk to plan stop.
Targets: Same as A (TP1 $3.25–$3.35, TP2 $3.70).
Invalidation: H4 close < $2.90 (acceptance lost) or hard stop $2.62.
Bearish Invalidation Scenario
Daily close < $2.62 = range demand lost → idea invalid. Stand aside and reassess lower liquidity magnets.
Risk Management
Move stop to BE on break-and-hold >$3.25 or after TP1 hit.
If entry comes after a deep sweep, allow for one retest of the flip before tightening stops.
Avoid chasing mid-range; wait for acceptance signals, not just wicks.
Smart Money View
Purposeful liquidity take below intra-range lows to fuel a reclaim bid.
Equal lows near the stop zone invite the sweep; equal highs overhead (into $3.70) offer the draw.gth into alt rotation once majors resolve.
