🔴 $XRP /USDT · Bias: SHORT
XRP price sits below EMA50 and EMA200 on the 4h, so the swing trend points down.
Entry: 1.0909 – 1.0947
TP1: 1.0688 (-2.2%)
TP2: 1.0528 (-3.7%)
TP3: 1.0289 (-5.8%)
SL: 1.1248 (+2.9%)
Why: The daily trend is bearish because price sits below both EMA50 and EMA200, meaning the big picture is clearly down.
Risk: Price is washed out, bounces are common from here (4h RSI 22.0, oversold)
Plan: close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Do you think XRP can keep falling from here?
XRP price sits below EMA50 and EMA200 on the 4h, so the swing trend points down.
Entry: 1.0909 – 1.0947
TP1: 1.0688 (-2.2%)
TP2: 1.0528 (-3.7%)
TP3: 1.0289 (-5.8%)
SL: 1.1248 (+2.9%)
Why: The daily trend is bearish because price sits below both EMA50 and EMA200, meaning the big picture is clearly down.
Risk: Price is washed out, bounces are common from here (4h RSI 22.0, oversold)
Plan: close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Do you think XRP can keep falling from here?
