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XRP bearish signal 95%—is this move about to break down?
$XRP /USDT - short SHORT
Trading plan:
Entry: 1.1075 – 1.1099
SL: 1.1201
TP1: 1.1001
TP2: 1.0944
TP3: 1.0858
Why focus on this structure?
• On the 4-hour timeframe, it’s clearly bearish; the daily trend is moving downward, and the direction is aligned.
• Current price is 1.1087; RSI (15m) is only 58 and hasn’t entered overbought—there’s still room for the bears.
• Targets: TP1 1.1001, TP2 1.0944; stop loss 1.1201—the risk-reward ratio is reasonable.
• Why now? Wait for the entry signal confirmation to avoid a fake breakout.
Discussion:
Will this drop first to TP2, or will it lure shorts with a sell-off before rebounding?