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Everyone is bullish on XRP—here’s why I’m betting against them right now.
$XRP /USDT - SHORT
Trade Plan:
Entry: 1.2233 – 1.2301
SL: 1.2591
TP1: 1.2024
TP2: 1.1862
TP3: 1.1620
Why this setup?
Daily trend is bearish with 95% confidence on a SHORT entry. RSI on 15m sits at 44.91, well below neutral, and 1h ATR of 0.0135 suggests momentum is favoring downside. Entry zone is 1.2233–1.2301, with immediate targets at 1.2024 and 1.1862. Why now? Price is rejecting resistance with volume.
Debate:
Is this the trap before a fakeout to 1.25, or are we about to dump straight to 1.16?