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1.1249 cannot hold, where is the last line of defense for XRP bulls?
$XRP /USDT - SHORT
Trade Plan:
Entry: 1.1227 – 1.1271
SL: 1.1461
TP1: 1.1090
TP2: 1.0984
TP3: 1.0825
Why pay attention to this structure?
- 4-hour timeframe confirms bearish direction, RSI on 15-minute is only 41.23, momentum continues to weaken.
- Daily trend is clearly bearish, current price 1.1249 is close to invalidation level 1.1232, breakdown will accelerate.
- Currently is the best entry window for SHORT, TP1 1.1090, TP2 1.0984, SL set above 1.1461.
Discussion:
Will this wave directly drop to TP2, or first rebound to trap longs then fall?