XRPUSDT 1H Analysis: The ABC Correction and the POC Support
The XRP/USDT 1-hour chart is currently completing a classic ABC corrective structure. Following a strong impulsive move to a local high near 1.6500 (Point B), the price has retraced and is now approaching a critical support zone. The asset is currently trading around 1.4948, steadily moving toward the marked demand area.
The Support Zone and POC
The green highlighted zone (1.4111 – 1.4525) represents a high-volume node, clearly indicated by the POC (Point of Control). This area is expected to act as a strong demand zone and a potential launching pad for the next impulsive wave. The horizontal red line at 1.4111 serves as the ultimate structural floor for this setup.
The Roadmap and Momentum
The dashed projection on the chart suggests a potential bullish reversal from Point C, targeting the 1.7500 level. The previous upward wave was characterized by high momentum (steep angle and strong green candles), suggesting that buyers are willing to step in aggressively once the correction is complete.
Trading Strategy (Spot Entry)
For a spot entry, it is highly prudent to wait for price action confirmation within the support zone. Do not attempt to catch a falling knife. Look for bullish reversal patterns—such as a hammer, bullish engulfing, or a double bottom—forming on the lower timeframes (e.g., 15m or 1h) as the price tests the 1.4111–1.4525 area. Only after a confirmed candlestick reaction should a spot position be considered.
Key Levels to Watch
- Resistance 1 (Previous High): 1.6500 (Point B)
- Resistance 2 (Target): 1.7500 (Projected Move)
- Support 1 (Critical Zone): 1.4111 – 1.4525 (POC / Demand Zone)
- Support 2 (Invalidation): Below 1.4000 (Structural Breakdown)
Desk Notes:
- Warning: The correction is still in play. The price is approaching the support, not bouncing from it yet. Wait for the reaction.
- Info: The POC indicates strong historical interest at these levels. A defense of this zone is highly probable.
- Action: Monitor the 1.4111–1.4525 zone closely. A confirmed bullish reversal candle here is the trigger for a spot entry with a target of 1.7500.