XRP/USDT · 4h · Binance
Price: 1.2470
Market read
The 4h structure is bearish, forming lower highs and lower lows. RSI at 29.5 is in oversold territory, so momentum is with the sellers but stretched.
Key levels
Resistance
1.2641 fair value gap
1.2843 fair value gap
1.3165 fair value gap + liquidity
1.3457 liquidity
Support
none clearly identified in the recent range
🟢 Long idea
No clean demand zone is nearby for a long right now, so there's nothing to lean on for that side yet.
🔴 Short idea
A short sets up on a rejection back into 1.2604 to 1.2654 (fair value gap). The setup firms up if sellers reject it with a bearish engulfing, a shooting star, or a strong upper wic...
$XRP $MACD #Crypto #DeFi #Trading #Altcoin
Understand the trade before you take the risk. CryptoYaan.com
Educational, not financial advice.
Price: 1.2470
Market read
The 4h structure is bearish, forming lower highs and lower lows. RSI at 29.5 is in oversold territory, so momentum is with the sellers but stretched.
Key levels
Resistance
1.2641 fair value gap
1.2843 fair value gap
1.3165 fair value gap + liquidity
1.3457 liquidity
Support
none clearly identified in the recent range
🟢 Long idea
No clean demand zone is nearby for a long right now, so there's nothing to lean on for that side yet.
🔴 Short idea
A short sets up on a rejection back into 1.2604 to 1.2654 (fair value gap). The setup firms up if sellers reject it with a bearish engulfing, a shooting star, or a strong upper wic...
$XRP $MACD #Crypto #DeFi #Trading #Altcoin
Understand the trade before you take the risk. CryptoYaan.com
Educational, not financial advice.
