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Everyone is bearish on XRP—that’s exactly why I’m buying XRP at 1.1653.
$XRP /USDT - LONG
Trade Plan:
Entry: 1.1607 – 1.1699
SL: 1.1080
TP1: 1.2083
TP2: 1.2370
TP3: 1.2800
Why this setup?
The 4h chart shows a 15m RSI at 33.42—oversold and ripe for a mean reversion. With an 84% confidence LONG signal and ATR at 0.018, the risk-to-reward is asymmetric: TP1 at 1.2083 (+3.7%) vs. SL at 1.1080 (-4.9%). The daily trend is bearish, but this is a counter-trend scalp opportunity. Why now? The entry zone (1.1607–1.1699) is tight and low-risk.
Debate:
Is this dead cat bounce material or the start of a 10% pump to TP2 at 1.2370?