$XRP : Bounce or Bull Trap? 👀**
$XRP is trading at **$1.1764** (-1.4% 24h). It tagged a 24h low of **$1.1519** and bounced a little from there. These are the levels I'm watching:
📉 **Trend (1D / 4H):** Bearish
- Price is below all three EMAs: EMA7 $1.224, EMA25 $1.286 and EMA99 $1.316
- The 4H chart keeps printing lower highs and lower lows from **$1.524**
- 30D: -17.5% | 1Y: -47%
⚡ **Short-term (1H):** A relief bounce is underway
- Price has moved back above the EMA7 ($1.1725)
- The first hurdle is the EMA25 at **$1.1833**
🟢 **Support:**
- $1.1519 (today's low)
- $1.1075
- $0.9862 (major swing low)
🔴 **Resistance:**
- $1.1833
- $1.215 – $1.225
- $1.27 – $1.29 (4H EMA99 zone)
🎯 **My plan:**
- **Bullish case:** If a 4H candle closes above $1.225, a move to $1.27–$1.29 opens up.
- **Bearish case:** If price closes below $1.15, the next target is $1.10.
- Until price takes back $1.225, I'll treat every bounce as a selling opportunity. Don't rush into longs against this trend.
Always trade with a stop loss. Patience is a position. 🧠
#XRP #XRPUSDT
$XRP is trading at **$1.1764** (-1.4% 24h). It tagged a 24h low of **$1.1519** and bounced a little from there. These are the levels I'm watching:
📉 **Trend (1D / 4H):** Bearish
- Price is below all three EMAs: EMA7 $1.224, EMA25 $1.286 and EMA99 $1.316
- The 4H chart keeps printing lower highs and lower lows from **$1.524**
- 30D: -17.5% | 1Y: -47%
⚡ **Short-term (1H):** A relief bounce is underway
- Price has moved back above the EMA7 ($1.1725)
- The first hurdle is the EMA25 at **$1.1833**
🟢 **Support:**
- $1.1519 (today's low)
- $1.1075
- $0.9862 (major swing low)
🔴 **Resistance:**
- $1.1833
- $1.215 – $1.225
- $1.27 – $1.29 (4H EMA99 zone)
🎯 **My plan:**
- **Bullish case:** If a 4H candle closes above $1.225, a move to $1.27–$1.29 opens up.
- **Bearish case:** If price closes below $1.15, the next target is $1.10.
- Until price takes back $1.225, I'll treat every bounce as a selling opportunity. Don't rush into longs against this trend.
Always trade with a stop loss. Patience is a position. 🧠
#XRP #XRPUSDT
