4h TF.#XRP The price is approaching a strong selling zone IMB. At this level, the market has reversed upwards multiple times.

The decline is slowing down at the lower boundary of the descending parallel channel. This increases the probability of a rebound — market makers often take liquidity at such points before the upward movement begins.

The candles indicate absorption, and the RSI remains consistently above after exiting the oversold zone, signaling the emergence of a buyer.

We expect a stepwise growth: first to the level of 2.17, then to 2.21$. The final target is the level of 2.28$, where a large WICK and accumulated liquidity are located. The optimal stop-loss should be set below the IMB zone — below 1.97$, where the break of the current structure will become evident.

Open a deal 👇$XRP

XRPUSDT

Perp

2.0057

-3.66%