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XRP 4-hour chart shows 95% bearish signal, is this the end of the rebound?
$XRP /USDT - SHORT
Trading Plan:
Entry: 1.1035 – 1.1069
SL: 1.1219
TP1: 1.0927
TP2: 1.0844
TP3: 1.0718
Why focus on this structure?
- RSI 15-minute has been overbought at 70.72, short-term pullback pressure is surging.
- 1-day trend is clearly bearish, under the suppression of the 4-hour EMA, rebound space is limited.
- Current price 1.1052 is close to key resistance, the short entry point is precise, TP1 1.0927 is just one step away.
Discussion:
Will this bearish move first reach TP2 1.0844, or fake out and rebound to 1.1139?