XRP/USDT 1H: Accumulation in Play – Next Move to $2.70?

XRP/USDT 1H: Accumulation in Play – Next Move to $2.70?
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Current Market Structure (Confidence 8/10):

• Price consolidating between $2.45 - $2.52, maintaining equilibrium after a recent rally.
  
• Market Makers (MMs) completed distribution at $2.90, now transitioning into an accumulation phase at $2.49.
  
• Hidden bullish divergence forming on RSI, while price maintains higher lows, signaling potential upside.
  

Trade Setup:

• Entry: Long at $2.48 for optimal positioning.
  
• Targets:
  
• T1: $2.62 (Previous Consolidation High – PCH).
  
• T2: $2.70 (Premium Zone).
  
• Stop Loss: Below liquidity void at $2.42.
  

Risk Score:

• 7/10 – Favorable risk-to-reward setup, supported by bullish divergence and support structure.
  

Market Maker Intent:

• Accumulation phase ongoing, with MMs likely engineering a liquidity grab before a push higher.
  
• Watch for a potential stop hunt below $2.45 before strong continuation toward premium zones.
  
• Smart Money Insight:
  
• Clear SMC structure suggests a bullish continuation, aligning with volume and momentum indicators.
  

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