After reversing from the important buying zone, XRP has once again become positive and is expected to establish a new all-time high (ATH) at $4. The technical indicators along with the analysis according to Smart Money Concepts (SMC) are reinforcing this view.
The Price Structure Is Forming
XRP has established a clear bullish structure since falling into the discount zone around the price level of $0.85 – $1.00. Currently, this altcoin is showing signs of continuing the upward trend, with a target to surpass the psychological level of $3.00 and aim for $4.00.
According to the analysis of the TradingView team, the chart shows that the Smart Money Concepts model is being implemented: including the accumulation phase, Break of Structure (BOS – break of structure ), and liquidity hunting ( – all occurring before the current uptrend begins.
Accumulate Secondary Before Breaking Through
The SetupSFX analysis account suggests that XRP may be entering a second accumulation phase around the $2.40 level after the recent strong increase. If XRP continues to maintain momentum and positive trading volume, breaking through the $3.00 resistance zone could push the price to the $3.70 zone, potentially even approaching the $4.00 target in the coming weeks.
Entry Level, Stop Loss & Ideal Buy Zone
The TradingView team has indicated the potential entry zones and risk management as follows:
Ideal entry zone: Around the level of $1.60
Reasonable stop loss: Below the zone of $1.40 to minimize risk
Next buying zone: $2.40 – $2.43, considered an important accumulation zone if the trend continues to be maintained.
If the upward trend remains strong, the $2.40-$2.43 zone could be a good buying opportunity for investors expecting the next rally to $4.00.
Note: The cryptocurrency market is highly volatile. Investors need to carefully consider and should apply appropriate risk management strategies before making decisions.
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XRP Reverse Confirmation — Target $4 Locked?
After reversing from the important buying zone, XRP has once again become positive and is expected to establish a new all-time high (ATH) at $4. The technical indicators along with the analysis according to Smart Money Concepts (SMC) are reinforcing this view. The Price Structure Is Forming XRP has established a clear bullish structure since falling into the discount zone around the price level of $0.85 – $1.00. Currently, this altcoin is showing signs of continuing the upward trend, with a target to surpass the psychological level of $3.00 and aim for $4.00. According to the analysis of the TradingView team, the chart shows that the Smart Money Concepts model is being implemented: including the accumulation phase, Break of Structure (BOS – break of structure ), and liquidity hunting ( – all occurring before the current uptrend begins. Accumulate Secondary Before Breaking Through The SetupSFX analysis account suggests that XRP may be entering a second accumulation phase around the $2.40 level after the recent strong increase. If XRP continues to maintain momentum and positive trading volume, breaking through the $3.00 resistance zone could push the price to the $3.70 zone, potentially even approaching the $4.00 target in the coming weeks. Entry Level, Stop Loss & Ideal Buy Zone The TradingView team has indicated the potential entry zones and risk management as follows: Ideal entry zone: Around the level of $1.60 Reasonable stop loss: Below the zone of $1.40 to minimize risk Next buying zone: $2.40 – $2.43, considered an important accumulation zone if the trend continues to be maintained. If the upward trend remains strong, the $2.40-$2.43 zone could be a good buying opportunity for investors expecting the next rally to $4.00. Note: The cryptocurrency market is highly volatile. Investors need to carefully consider and should apply appropriate risk management strategies before making decisions.