After reversing from the important buy zone, XRP has once again become active and is expected to establish a new all-time high (ATH) at $4. Technical indicators along with analysis under Smart Money Concepts (SMC) are reinforcing this view.

Bullish Structure is Forming

XRP has established a clear bullish structure since falling into the discount price range around $0.85 – $1.00. Currently, this altcoin is showing signs of continuing the uptrend, with the goal of surpassing the psychological level of $3.00 and aiming for $4.00.

According to the TradingView team's analysis, the chart shows that the Smart Money Concepts model is being implemented: including the accumulation phase, Break of Structure (BOS), and liquidity hunting – all occurring before the current uptrend began.

Secondary Accumulation Before Breakout

The SetupSFX_ analysis account suggests that XRP may be entering a second accumulation phase around $2.40 after the recent strong surge. If XRP continues to maintain momentum and active trading volume, surpassing the resistance zone of $3.00 could push the price to the $3.70 zone, even approaching the target of $4.00 in the coming weeks.

Entry Level, Stop Loss & Ideal Buying Zone

The TradingView team has pointed out potential entry zones and risk management as follows:

  • Ideal entry zone: Around $1.60

  • Reasonable stop loss: Below the $1.40 zone to minimize risk

  • Next buy zone: $2.40 – $2.43, considered an important accumulation area if the trend continues to be maintained

If the uptrend remains strong, the $2.40-$2.43 zone could be a good buying opportunity for investors anticipating the next increase to $4.00.

Note: The cryptocurrency market is highly volatile. Investors need to consider carefully and should apply appropriate risk management strategies before making decisions.