XRP — Mapping Out the Next High-Probability Long Setup

30 lug

XRP continues to respect key levels, delivering clean setups and strong technical reactions.

📉 Recent Price Action Recap

After the flush from $3.65 into the $3.00 support zone, XRP printed a solid bounce back toward the $3.30 resistance area, forming a clean short setup between $3.30–$3.35.

Price is now trading mid-range within the 6-day consolidation.

🟢 Next High-Probability Long Setup

A prime long opportunity lies between $2.96 and $2.9175 sitting within a key daily order block.

Confluence at this zone includes:

• Liquidity pool just below the $2.9555 swing low
  
• Anchored VWAP from the $1.9083 swing low resting just under the block
  
• 0.618 Fib Speed Fan lining up as dynamic support (July 30 – Aug 2)
  
• 2.272 Trend-Based Fib Extension at $2.9297
  

📈 Long Trade Setup

• Entry Zone: $2.96 – $2.9175
  
• Stop Loss: Below anchored VWAP (clear invalidation)
  
• Target: $3.1/$3.13+
  
• R:R: ~1:3+
  

💡 Educational Insight

This setup is a great example of how multiple tools layered together (like Fibonacci levels, VWAPs, order blocks and liquidity zones) can significantly increase the probability of a trade playing out.

When structure, volume-based tools and time alignment all point to the same area, it creates a high-confluence trade zone. These are the areas where risk is most defined and reward is most favourable, a principle every technical trader should anchor their strategy around.

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2 ago

Trade chiuso manualmente

XRP failed to flip the monthly open into support. Exiting all long positions for now.