XRP · 1H · UPTREND
My previous short from September 10th was stopped out — price closed above 1.4100, swept the liquidation cluster there, and then ran hard to the upside, tagging my old long Target 1 at 1.5300 and blowing through it. The stop-out was the signal the bears had lost control, and the chart has since confirmed that in full. Price launched from the 1.26–1.30 lows, printed a sequence of higher lows all the way up, and tagged the highest point on this chart near 1.6650 before pulling back sharply to the 1.49–1.50 zone. Right now price is sitting at 1.5319, bouncing from that pullback into what was prior resistance — now acting as support — with the daily trend clearly up.
The structure I'm keying off is straightforward: the move from 1.26 to 1.665 was impulsive, the pullback to 1.49 held a prior breakout cluster, and price has bounced back above 1.53. The dense liquidation clusters at 1.54 and 1.60 are directly above and are magnets — a move through 1.54 pulls longs in and accelerates. The 1.46 cluster below is the line I don't want to see lost on a closing basis — that's the higher low that must hold for this structure to stay intact. I'm not chasing at 1.53 mid-range, but I'm watching for the 1.54 break to confirm the pullback is done and the trend is resuming.
Funding at 0.0100% per 8h is mild positive — longs are slightly in control but the crowd isn't over-extended, so a squeeze risk is low. Open interest is substantial at 191.87M, which means the moves will have fuel in both directions. The 1.54 dense cluster just above is a near-term hurdle, but once swept it flips into a launch pad toward 1.60.
LONG SCENARIO
Confirmation
1.5400
Closing above 1.5400 on the 1H sweeps the dense liquidation cluster there and confirms the pullback is complete — that's the trigger, not before.
Invalidation
1.4600
Close below 1.4600 — that loses the dense liquidation cluster below and the higher low structure from the recent swing; the uptrend is no longer intact at that point.
Target 1
1.6000
Dense liquidation cluster and clear structural level visible on this chart; where I expect the move to pause first.
Target 2
1.6500
The swing high zone at the top of this chart; extended target if 1.60 gives way with momentum.
Risk/Reward
(1.6000 − 1.5400) / (1.5400 − 1.4600) = 0.06 / 0.08 = 0.75:1 at Target 1 alone — so I'm sizing the full target to T2: (1.6500 − 1.5400) / (1.5400 − 1.4600) = 0.11 / 0.08 = 1.4:1
Confidence
MEDIUM — daily trend is up and structure supports continuation, but the sharp rejection from 1.665 and the lingering overhead supply at 1.54 and 1.60 mean this isn't a clean momentum entry; the 1H needs to confirm above 1.54 first
Resistance: 1.5400 / 1.6000
Support: 1.4600 / 1.3600
This is not financial advice. Content is AI-generated.