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XRP bulls’ last escape window?
$XRP /USDT - Go SHORT (short sell)
Trading plan:
Entry: 1.1038 – 1.1074
SL: 1.1286
TP1: 1.0884
TP2: 1.0769
TP3: 1.0596
Why focus on this structure?
- 4-hour EMA death cross confirmation; the 1D trend is clearly bearish, with a strong SHORT signal strength of 80%.
- RSI on the 15-minute timeframe is at 66.92, nearing the overbought zone; rebound momentum is fading.
- Current price is 1.1056, hugging 1h support at 1.1058. If it breaks below 1.1038, it will accelerate toward TP1 at 1.0884.
- Why now? RSI is high + resistance level confluence—there’s a high probability of a bull-trap.
Discussion:
Will this move hit TP2 1.0769 first, or will it bounce and spike SL 1.1286 first?