XRP/USDT 1H: Distribution Phase Nearing Completion ?!

XRP/USDT 1H:Analysis
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Current Market Structure:

• Price trading at $2.39 within a bearish structure, showing a clear distribution pattern.
  
• RSI at 38.06, with hidden bearish divergence signaling continued selling pressure.
  

Smart Money Concepts:

• Institutional selling evident within the $2.50-$2.60 range, now acting as resistance.
  
• Current price action suggests Smart Money is accumulating at lower levels, likely targeting a liquidity sweep below $2.30.
  

Key Levels:

• Resistance: $2.50 (previous support turned resistance).
  
• Support: $2.30 (major liquidity level).
  

Risk Score:

• 8/10 – High risk due to bearish continuation signals and potential volatility near key levels.
  

Market Maker Intent:

• Distribution phase appears to be ending, with price targeting liquidity below $2.30.
  
• Expect potential manipulation and a reversal only after significant accumulation at lower levels.
  

Recommendation:

• Avoid long positions until $2.50 is reclaimed.
  
• Monitor for a sweep below $2.30 for possible reversal signs.
  
• High-risk environment; tight risk management is crucial.
  

Confidence Level:

• 8/10 on bearish continuation with further downside expected.
  

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