Post
Bearish

XRP is coiling for a drop that most traders refuse to see.



$XRP /USDT - SHORT

Trade Plan:
Entry: 1.3744 – 1.3794
SL: 1.4012
TP1: 1.3587
TP2: 1.3465
TP3: 1.3283

Why this setup?
Why now? The daily trend is range, which often precedes a decisive breakout, and the 1h price is sitting at 1.3767, just above the entry zone of 1.3744 to 1.3794. The 15m RSI sits at 66.79, showing momentum is still running but not yet exhausted, while the 1h ATR of 0.010127 tells us each hourly candle can easily cover the distance to TP1 at 1.3587. From there, the measured move to TP2 at 1.3465 aligns with the kind of impulsive slide a range-bound market produces when it finally breaks. The line in the sand is invalidation at 1.3865, because a reclaim of that level destroys the entire short setup.

Debate:
Are we hitting TP2 at 1.3465 or is the range about to trap the shorts?

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XRPXRP+1.96%


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discovery
38 minutes ago
How much upside is left ?
0
discovery
38 minutes ago
First Review
Interesting 👀
0