$XRP short-term setup
$XRP is at $1.0218, just above the MA60 at $1.0211.
🟢 Price reclaimed MA60 after bouncing from ~$1.0184.
🔴 RSI(6) is 85, so this bounce is already overbought and chasing here is risky.
LONG: Hold $1.0210–$1.0215 and break $1.0238
🎯 TP1: $1.0255
🎯 TP2: $1.0275
🛑 SL: $1.0195
SHORT: Rejection around $1.0230–$1.0238 + lose $1.0210
🎯 TP1: $1.0200
🎯 TP2: $1.0185
🛑 SL: $1.0245
My take: I wouldn't chase the current candle. I want to see whether $XRP can hold MA60 or gets rejected from resistance.
What are you watching — LONG or SHORT?
#XRP #CryptoTrading #BinanceSquare
$XRP is at $1.0218, just above the MA60 at $1.0211.
🟢 Price reclaimed MA60 after bouncing from ~$1.0184.
🔴 RSI(6) is 85, so this bounce is already overbought and chasing here is risky.
LONG: Hold $1.0210–$1.0215 and break $1.0238
🎯 TP1: $1.0255
🎯 TP2: $1.0275
🛑 SL: $1.0195
SHORT: Rejection around $1.0230–$1.0238 + lose $1.0210
🎯 TP1: $1.0200
🎯 TP2: $1.0185
🛑 SL: $1.0245
My take: I wouldn't chase the current candle. I want to see whether $XRP can hold MA60 or gets rejected from resistance.
What are you watching — LONG or SHORT?
#XRP #CryptoTrading #BinanceSquare