$XRP is pulling back sharply from the 1.6999 high — the 1H chart now shows a possible short setup.
$XRP — 🔴 SHORT
Trade Plan: Entry: 1.4710 SL: 1.5802 TP1: 1.4253 TP2: 1.2705 TP3: 1.1156 Timeframe: 1H
Why this setup?
XRP rejected strongly after reaching 1.6999 and has moved lower.
Current price 1.4710 is below the displayed MA(7) at 1.5480, showing short-term weakness.
The chart shows 1.4253 as the nearest visible downside level.
If selling pressure continues, the next displayed levels are 1.2705 and 1.1156.
Entry approach:
The current area around 1.4710 can be used as the provided entry. Traders who prefer confirmation can wait for further downside movement before committing.
Risk/Reward:
Using Entry 1.4710 and SL 1.5802:
TP1: ~0.42R
TP2: ~1.84R
TP3: ~3.26R
Confidence: Not enough data for a reliable percentage.
⚠️ No RSI, ATR, or additional support/resistance data was provided, so this setup is based only on the visible 1H chart levels and moving-average information.
Are you taking the short around 1.4710, or waiting for further confirmation?
Click here to Trade 👇️
$XRP
$XRP — 🔴 SHORT
Trade Plan: Entry: 1.4710 SL: 1.5802 TP1: 1.4253 TP2: 1.2705 TP3: 1.1156 Timeframe: 1H
Why this setup?
XRP rejected strongly after reaching 1.6999 and has moved lower.
Current price 1.4710 is below the displayed MA(7) at 1.5480, showing short-term weakness.
The chart shows 1.4253 as the nearest visible downside level.
If selling pressure continues, the next displayed levels are 1.2705 and 1.1156.
Entry approach:
The current area around 1.4710 can be used as the provided entry. Traders who prefer confirmation can wait for further downside movement before committing.
Risk/Reward:
Using Entry 1.4710 and SL 1.5802:
TP1: ~0.42R
TP2: ~1.84R
TP3: ~3.26R
Confidence: Not enough data for a reliable percentage.
⚠️ No RSI, ATR, or additional support/resistance data was provided, so this setup is based only on the visible 1H chart levels and moving-average information.
Are you taking the short around 1.4710, or waiting for further confirmation?
Click here to Trade 👇️
$XRP
