Is this the last chance for XRP bulls to escape?



$XRP /USDT - short SHORT

Trading plan:
Entry: 1.1139 – 1.1163
SL: 1.1263
TP1: 1.1067
TP2: 1.1011
TP3: 1.0927

Why focus on this structure?
- The 1D trend is clearly bearish. The 4-hour EMA is suppressing and moving downward; every rebound is a short entry point.
- RSI on 15m is only 54.31. Momentum is weak and it can’t break the 1.1163 resistance.
- ATR on 1h is only 0.004662. After a tight range consolidation, it’s likely to break down.
- The current price 1.1151 is close to the main entry area. TP1 1.1067 is just one step away.

Discussion:
In this move, will it first drop to TP2 1.1011 and then rebound, or will it directly wick downward to lure longs? Where is your short order placed?
XRP0.91%
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