Bullish XRP/USDT Setup Targets $2.65 with Confirmed Breakout

The analysis suggests entering a long position on XRP/USDT at a price of $2.2884, with a stop loss set at $2.2057. The 2-hour timeframe indicates the formation of a bullish setup, marked by a breakout from a descending wedge, confirmed through Change of Character (CHoCH) and a local Break of Structure (BOS). The entry zone aligns with the 2-hour order block and a support level that previously held the price, with the critical level of $2.2637 safeguarded. Weak seller reactions upon reaching the liquidity zone imply accumulation. The bullish momentum is supported by increased volume and points towards the unfilled Fair Value Gap (FVG) and higher supply zones. Profit targets are as follows: - TP1 at $2.3587, covering the FVG closure and testing the 2-hour order block. - TP2 at $2.4612, reaching the supply zone plus liquidity. - TP3 at $2.6521, approaching the upper boundary of the 2-hour order block and the key Weak High. Given the bullish setup, confirmation signals, and favorable risk-reward profile, this trade could present a promising opportunity for traders expecting upward movement.