Technical analysis by tradexict about Symbol XRP on 4/5/2025

📉 General Trend:This is a short-term chart (1H timeframe).The market is moving sideways with high volatility – no clear trend, but a range-bound movement between support and resistance levels.A directional breakout may be coming soon.🔍 Support and Resistance Levels:🔵 Support:2.0472 USDT – Key support with BOS and Discount zone.2.000 USDT – Strong Low + PM area below.1.920–1.950 USDT – Historical demand zone.🔴 Resistance:2.2244 USDT – Equilibrium zone + PDH.2.3556 USDT – Significant resistance with supply block.2.4978 USDT – Upper resistance level.2.7461 USDT – Strong resistance from previous highs.3.00–3.20 USDT – Major Premium zone with PM and Weak High.🎯 Short-Term Price Forecast (1–2 Days):If a breakout to the upside occurs:First target – 2.22 USDT, then 2.35 USDT.If a breakdown occurs:First target – 2.04 USDT, then 2.00 USDT.📉 Short Trade Setup:Entry: Around 2.22–2.23 USDT (PDH + resistance + potential BOS)Take Profit: 2.05 USDTStop Loss: Above 2.25 USDTRisk-to-Reward Ratio: ≈ 1:2Trigger: Bearish rejection candle or BOS near resistance.📈 Long Trade Setup:Entry: Between 2.04 – 2.06 USDT (demand zone + lower BOS)Take Profit: 2.22–2.24 USDTStop Loss: Below 2.00 USDTRisk-to-Reward Ratio: ≈ 1:2.5Trigger: Bullish hammer or confirmation candle with increasing volume.🔻 Lowest Expected Price:If 2.00 USDT breaks down, price could fall toward the 1.90–1.92 USDT zone.🔁 Potential Reversal Zones:High probability of reversal around 2.04–2.05 USDT, a key local low in a discount zone.Another bullish reversal may form if the price breaks and holds above 2.24–2.25 USDT with confirmation.🧠 Additional Notes:The chart includes many Smart Money Concepts (SMC): BOS, CHoCH, EQH, etc.There’s a clear battle between bulls and bears – we must wait for a confirmed breakout or breakdown.Volume is balanced – not indicating a strong impulsive move yet.