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Everyone is still bullish on XRP, but the 4h chart just screamed “top” at 1.1883.
$XRP /USDT - SHORT
Trade Plan:
Entry: 1.1858 – 1.1908
SL: 1.2194
TP1: 1.1650
TP2: 1.1494
TP3: 1.1261
Why this setup?
80% confidence on a SHORT bias. The 1D trend is bearish, and RSI on the 15m is sitting at 63.8—overbought on a micro timeframe inside a macro downtrend. The entry range is tight (1.1858–1.1908), and the first target is a clean 2.3% drop to 1.1650. The setup is waiting for a rejection, not a breakout.
Debate:
If XRP taps 1.1883 again, do you short the retest or wait for a breakdown below 1.1858?