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XRP bulls’ final chance to get out alive?
$XRP /USDT - SHORT (sell)
Trading plan:
Entry: 1.1139 – 1.1173
SL: 1.1321
TP1: 1.1032
TP2: 1.0949
TP3: 1.0825
Why watch this structure?
- The 1-day chart trend is clearly heading down, and the 4-hour EMA bearish alignment is pressing the price.
- 15-minute RSI 69.12: the short-term market is already overbought, and rebound momentum is running out.
- Around 1.1156 is the main bearish entry zone, with a stop loss only at 1.1321—reward-to-risk is over 2:1.
- Why now? Overbought + trend resonance: the shorts have finished building up.
Discussion:
Will this drop first wick into TP1 and then fall, or will it accelerate and break down right away?