XRP is positioned at 1.0789—will this LONG take out the shorts?



$XRP /USDT - LONG

Trade Plan:
Entry: 1.0766 – 1.0812
SL: 1.0503
TP1: 1.1003
TP2: 1.1146
TP3: 1.1361

Why watch this SHORT, 4-hour timeframe structure?
- 4-hour level LONG signal, 84% confidence; 15-minute RSI is oversold (30.41), with strong rebound momentum.
- The current price at 1.0789 is close to support; the EMA bullish alignment has not broken, and the entry zone is 1.0766–1.0812.
- Targets: TP1 1.1003 (+2%), TP2 1.1146 (+3.3%), stop loss 1.0503 (-2.6%); the risk/reward is excellent.
- Why now? The 15-minute RSI has bottomed; the daily trend is bearish, but the 4-hour structure looks bullish—this is a window for a short-term rebound.

Discussion:
Will this first reach TP2, or is it a bull-trap?
XRP-3.48%
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