Is XRP at 1.072 at the bottom or halfway up the hill?



$XRP /USDT - SHORT

Trading plan:
Entry: 1.071 – 1.073
SL: 1.085
TP1: 1.062
TP2: 1.055
TP3: 1.045

Why focus on this structure?
- The 1-day trend is clearly bearish, with 4-hour EMA suppression; rebounds lack strength.
- The 15-minute RSI 61.78 is close to overbought, and with ATR 0.0056 indicating low volatility, a sudden drop is likely.
- Currently 1.072 is an excellent entry point for a short; TP1 at 1.062 offers only 1% upside space, but the probability is extremely high.

Discussion:
Will this move hit TP2 at 1.055 first, or will it be a bull trap rally up to 1.085 and then hit the SL?
XRP4.15%
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