XRP/USDT: Smart Money Concept (SMC) Signal & Market Prediction

🔹 Current Market Overview

Price: $2.5890 (-3.33%)

24H High/Low: $2.7323 / $2.5414

Volume: XRP - 206.29M | USDT - 543.46M

🔹 Technical Analysis & Market Forecast

1️⃣ Candlestick Analysis

A strong bullish rally was observed, pushing XRP to $2.8356, but a sharp rejection followed, forming a bearish engulfing pattern at resistance.

The price is now correcting downward, showing potential for further downside movement before another bullish attempt.

2️⃣ Moving Averages & Trend Reversal

The yellow moving average (MA) shows a clear uptrend, but recent price action has dipped below, indicating trend exhaustion.

A break below $2.58 may confirm further downside, targeting the $2.50 - $2.46 liquidity zone.

3️⃣ RSI & Stochastic RSI Confirmation

RSI (6): 45.86 - Suggests the price is near a neutral zone but leaning towards bearish momentum.

Stochastic RSI (76.70) and MACD showing weakening bullish momentum, signaling a possible reversal or continuation of correction.

🔹 SMC (Smart Money Concept) Signal

📉 Bearish Scenario:

If XRP breaks below $2.58, a liquidity grab might occur, driving the price toward $2.50 or lower, targeting key demand zones.

📈 Bullish Scenario:

If XRP reclaims $2.62+ and forms a strong bullish structure, it may attempt to retest $2.73+, aligning with institutional order flow.

📌 Conclusion:

Traders should watch for liquidity grabs & institutional movements before confirming positions. Be cautious of market manipulation from whales, as a fake-out scenario could unfold.

🔰 Ravana Master Trading | Binance Square #RavanaMasterTrading