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Most traders are buying the dip on XRP – but the 4H data says they’re about to get wrecked.
$XRP /USDT - SHORT
Trade Plan:
Entry: 1.1691 – 1.1755
SL: 1.2033
TP1: 1.1490
TP2: 1.1335
TP3: 1.1103
Why this setup?
95% confidence on SHORT with a bearish 1D trend. RSI at 61.89 on 15m shows a dead-cat bounce, not a reversal. Entry zone 1.1691–1.1755 targets TP1 at 1.1490. Why now? Because the 1h ATR is tight (0.0129), signaling an imminent breakdown, not a breakout.
Debate:
Are you fading the crowd here, or do you think the 1.19 level will hold as support?