➡️ Structurally, XRP holds a wide support zone of 1.96–2.00, where large volumes previously occurred. The price is currently trading right at the lower boundary of accumulation — an excellent place to build a position with clear risk and high potential for upward movement.
➕ Action Plan: 🔵 Main entry: zone 2.0400–2.0000, where key support and the lower boundary of the current structure are located. 🔵 Position addition: when breaking slightly lower — area 1.9640–1.9800, this is a local liquidity zone where the final collection of stop orders is likely before the reversal. 🔵 Stop: below 1.9520 — breaking this level disrupts the current accumulation scenario and cancels the idea.
🔍 Entry logic: The price has completed a deep correction and held the key demand zone, collecting liquidity below Yesterday’s Low.
➡️ The scenario looks like a classic position addition by a large participant at the lower end of the range before the rise.
💎 Trade plan: — Entry: 2.0400 — Addition: 1.9640 — Partial fixation: 2.0765 — Take #2: 2.1500 — Final take: 2.3000 — Stop: 1.9520 — After fixing the first part → stop to breakeven
I am considering the situation through the lens of accumulation with an exit from the lower boundary and a move to the upper boundary through testing the highlighted POI 4h
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