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What are XRP bulls waiting for? The 4-hour top divergence has been confirmed!
$XRP /USDT - SHORT
Trade Plan:
Entry: 1.1188 – 1.1234
SL: 1.1433
TP1: 1.1045
TP2: 1.0934
TP3: 1.0767
Why focus on this structure?
• The 1D trend is clearly bearish, the 4h EMA is about to cross down, and the RSI on 15m is only 44.96, showing weak bounces.
• The current price of 1.1211 is exactly the short entry reference level, with TP1 below at 1.1045 and TP2 at 1.0934.
• ATR is only 0.0092, and after a narrow range consolidation, it is likely to accelerate downwards. Why now? Because 1.1243 is the invalidation point. Once support at 1.1188 is broken, shorts will dominate.
Discussion:
Will this SHORT straight spike to TP2, or will it lure the bulls to 1.13 first before dumping?