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XRP Short Signal 95%, Who Are the Major Players Waiting to Take Over?
$XRP /USDT - SHORT
Trade Plan:
Entry: 1.1111 – 1.1155
SL: 1.1344
TP1: 1.0975
TP2: 1.0870
TP3: 1.0711
Why Focus on This Structure?
- The 4H trend is clearly bearish, with 1.1133 being an ideal short entry point.
- RSI on the 15-minute chart is only 43, showing weak bounce and ongoing bearish momentum.
- ATR volatility is 0.0088, and the current range is suitable for short-term harvesting.
- Why now? The daily chart is bearish aligned, 1.1239 is the invalidation level, and the probability of breaking below TP1 at 1.0975 is extremely high.
Discussion:
Will it first reach TP2 at 1.0870, or will it first bounce to lure longs before dumping?