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Everyone’s calling XRP dead, but the 4h chart just flashed an 84% LONG signal.
$XRP /USDT - LONG
Trade Plan:
Entry: 1.0851 – 1.0961
SL: 1.0223
TP1: 1.1418
TP2: 1.1760
TP3: 1.2272
Why this setup?
• RSI on 15m is oversold at 39 – classic reversal zone.
• Entry at 1.0906 with tight ATR (0.0218) suggests low-risk bounce.
• TP1 (1.1418) is +4.7% – quick scalp before daily bear trend resumes.
Debate:
Is this a dead cat bounce or the start of a fakeout trap before TP2?