$XRP update: Upside liquidity swept, correction starting 📉‼️
As we can see on the chart, $XRP swept liquidity with a big upper wick during the recent pump, but it failed to close above the previous highs. This indicates a classic liquidity sweep (fakeout).
Sellers are stepping in as supply shows strength. We are currently sitting at a key horizontal support zone—the last area where we could expect a bounce.
However, keep in mind there are Fair Value Gaps (FVGs) sitting lower, even below $1.20. Be cautious with long positions and manage your short setups!
📉 Short Scalp Setup (High Probability):
Trigger: Enter short on a weak retest/rejection at the $1.40 – $1.48 supply zone
Take Profit (TP):
$1.32 (TP1)
$1.25 (TP2 )
$1.18 ( near FVG fill ).
Stop Loss (SL): $1.52 (just above local rejection structure).
Manage your risk tightly and don't rush into aggressive longs 📈 until support proves valid! 👍
$XRP
#Write2Earn
As we can see on the chart, $XRP swept liquidity with a big upper wick during the recent pump, but it failed to close above the previous highs. This indicates a classic liquidity sweep (fakeout).
Sellers are stepping in as supply shows strength. We are currently sitting at a key horizontal support zone—the last area where we could expect a bounce.
However, keep in mind there are Fair Value Gaps (FVGs) sitting lower, even below $1.20. Be cautious with long positions and manage your short setups!
📉 Short Scalp Setup (High Probability):
Trigger: Enter short on a weak retest/rejection at the $1.40 – $1.48 supply zone
Take Profit (TP):
$1.32 (TP1)
$1.25 (TP2 )
$1.18 ( near FVG fill ).
Stop Loss (SL): $1.52 (just above local rejection structure).
Manage your risk tightly and don't rush into aggressive longs 📈 until support proves valid! 👍
$XRP
#Write2Earn
