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XRP 4H is about to change direction—what are retail investors waiting for?
$XRP /USDT - LONG
Trading Plan:
Entry: 1.0851 – 1.0897
SL: 1.0591
TP1: 1.1086
TP2: 1.1228
TP3: 1.1440
Why focus on this structure?
- The current 1H RSI is only 23.95, severely oversold, rebound momentum building up.
- Although the 1D trend looks bearish, the 4H timeframe gives a LONG signal, with an entry reference around 1.0874.
- Target TP1 1.1086, TP2 1.1228, stop loss 1.0591, an excellent risk-reward ratio.
Discussion:
Will this rebound hit TP2 first, or is it a bull trap?