$RPL / USDT — Structure Reclaim Attempt After Demand Absorption
Price Action
Price: ~$2.66
24h Move: +3.8%
Intraday High / Low: $2.72 / $2.52
What’s Happening $RPL pushed volume expansion off the recent lows, and the sell-side follow-through never showed up. Instead of continuation to the downside, bids absorbed supply quickly — a classic sign of demand stepping in, not distribution. Momentum to the downside failed to accelerate, suggesting sellers are losing control at this level.
Market Reasoning
Volume: Increasing volume on green candles from the lows
Demand: Aggressive buying on dips, weak sell pressure
Structure: Attempting to flip prior resistance into support
Momentum: Bearish momentum stalled, buyers defending key zone
Key Levels
Support: $2.60 → $2.38 (structure + invalidation zone)
Resistance:
$2.95 (local supply / TP1)
$3.35 (range high / TP2)
$3.80 (major resistance / TP3)
Trend Bias
Short-term: Bullish while above $2.38
Medium-term: Neutral → Bullish if $2.95 breaks with volume
Trade Idea (If / Then)
If price holds above the $2.60–$2.70 demand zone and volume remains supportive,
Then continuation toward $2.95 is the high-probability path.
Acceptance above $2.95 opens the door for $3.35 and potentially $3.80.
Invalidation: Clean breakdown and close below $2.38 flips bias bearish.
Summary This move looks like absorption at the lows, not panic selling. As long as buyers keep defending structure, upside continuation remains the cleaner scenario.