XRP / USDT (4H Timeframe)

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XRP / USDT (4H Timeframe)XRP / TetherUSBINANCE:XRPUSDTcoinpediamarketsPattern: Hammer Reversal + Demand Zone Accumulation Setup The chart shows XRP reacting strongly inside a key demand zone, where the past 2–3 candles are showing clear buying pressure. Maybe Price is collecting buying orders in this zone, forming a hammer candlestick that signals a potential reversal. Key Observations 🔹 Accumulation in Demand Zone: Last 2–3 candles show buyers absorbing sell pressure and quietly building long positions. 🔹 Hammer Candlestick: Long lower wick indicates aggressive buying after a liquidity sweep into demand. 🔹 Demand Zone: $2.2415–$2.2830 — strong reaction area where buyers previously stepped in. 🔹 Order Collection: Price behavior suggests smart money collecting buy orders before attempting a move upward. 🔹 Market Structure: Short-term downtrend but showing early bullish reaction signs. 🔹 Supply Zone: $2.9797–$3.0546 — major resistance where strong sell orders remain. Potential Move If XRP continues holding above the $2.24–$2.28 demand zone, potential upside targets: 🎯 Target 1: $2.5200 🎯 Target 2: $2.7200 A 4H candle close below $2.24 would weaken and likely invalidate the bullish scenario. Summary: XRP is showing early signs of accumulation inside its demand zone, with the past few candles reflecting steady buying pressure. The hammer formation suggests a possible reversal, but the outcome depends on whether buyers continue defending the zone. Holding above demand keeps targets of $2.52 and $2.72 in play.