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Last chance for XRP bulls to escape?
$XRP /USDT - Go SHORT
Trading plan:
Entry: 1.1136 – 1.1160
SL: 1.1261
TP1: 1.1063
TP2: 1.1007
TP3: 1.0922
Why focus on this setup?
- The 1-day timeframe trend is clearly bearish, and the 4H cycle confirms a SHORT signal.
- The 15-minute RSI is only 58.4, not yet in the overbought zone; upside rebound momentum is insufficient.
- Current price 1.1148 is close to the short entry zone; TP1 at 1.1063 offers a good risk-reward ratio.
- Why now? Bearish EMA alignment is suppressing price, creating a window to short on any rebound.
Discussion:
Will this short reach TP1 first, or will it be a stop-hunt rebound that wipes out longs?