$XRP /USDT – Bullish Setup Emerging Above Support Zones🔐👇💥
Current Price: $2.3888
Chart Timeframe: 1H & 1D
Trade Strategy Type: Short-Term Bullish Reversal Trade💥
Chart Pattern & Candle Formation:📊📉
On the 1D chart, $XRP has formed a strong bullish engulfing candle right at the 21 EMA ($2.3395), indicating renewed buyer strength after a short correction.
The 1H chart shows multiple BOS (Break of Structure) zones and a confirmed CHoCH (Change of Character), signaling a structural shift from bearish to bullish.
Price action is now consolidating slightly below resistance ($2.4030–2.4074), which is a liquidity zone.
Why Bullish?🤔👇
$XRP Price respected the key support near $2.33 and sharply reversed with a bullish engulfing, absorbing selling pressure.
RSI on 1D and 1H has rebounded from oversold territory (currently ~14), hinting at potential momentum recovery.
The price has reclaimed all key EMAs on lower timeframes and is holding firmly above the $2.37 level.
Entry Zone: $2.3750 – $2.3850
Targets:✅
TP1: $2.4070🎯
TP2: $2.4300🎯
TP3: $2.4700 (extended if breakout confirmed)🎯
Stop Loss: Below $2.3350 (to avoid volatility sweeps)☣️
Trade Duration: 1–3 Days (Swing/Short-Term Momentum)⌛
Pro Tip: 🧑💻
Wait for a clean 1H candle close above $2.4070 for strong confirmation. If the price gets rejected, consider buying near the $2.34–2.35 support range again.
Market Psychology Insight:🧑🏫
"The best trades are often the quietest setups — formed during retracements when the crowd looks away."
Disclaimer: ⚠️
This is not financial advice. Always manage your risk and do your own research before trading.
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