XRP Holds Critical Demand – Long Reversal Setup
🟢 $XRP - LONG
Trade Plan:
Current Price: ~$1.1479
Entry Zone: 1.125 - 1.165
SL: 1.085
TP1: 1.23
TP2: 1.30
TP3: 1.40
The chart reveals a strong hold at the shaded Entry Zone of 1.125-1.165, where price formed a higher low and tapped into a major bullish order block combined with the 0.618 Fib retracement of the recent correction. This confluence area previously acted as strong demand during the May-June decline, and current price at ~$1.1479 is showing early signs of absorption. Market structure is displaying bullish displacement on the latest candles with increasing volume on the bounce. The large glowing green directional arrow emphasizes the high-conviction reversal from this key support. The red SL at 1.085 sits below the swing low and liquidity pool for clear invalidation. Green TP levels target previous supply zones and measured moves based on the range expansion. This setup has high probability as multiple confluences align at current levels.
Does this higher low and order block retest mark the start of a new impulsive move for XRP?
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DYOR & manage risk!
