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XRP 1.1056 is the top? Bearish signals are already flashing
$XRP /USDT - SHORT
Trade plan:
Entry: 1.1037 – 1.1075
SL: 1.1294
TP1: 1.0878
TP2: 1.0759
TP3: 1.0580
Why focus on this structure?
- 4-hour EMA bearish alignment; the daily trend is clearly bearish.
- 15-minute RSI as high as 73.47, with strong pullback pressure from the overbought zone.
- Current price 1.1056 is close to the entry reference; TP1 1.0878 below offers only 1.6% downside.
- Why now? Short-term overheating + bearish alignment with the higher time frame; wait for confirmation signals.
Discussion:
In this short setup, will we see TP2 1.0759 first, or is it a fake breakout that lures longs?