XRP is getting stuck within a range, but the 1-hour setup suggests the opposite.
$XRP XRP /USDT - 🟢 SHORT · Conf 70%
Trading plan:
Entry: 1.3915 – 1.3941
SL: 1.4201
TP1: 1.3723
TP2: 1.3586
TP3: 1.3381
Why this setup?
Why now? The daily trend is ranging within a band, but the 1-hour chart is sending a SHORT-leaning signal that goes against the structure of the higher timeframe. The 15-minute RSI at 50.69 shows the market is balanced—not overbought—leaving room for price to drop. The 1-hour ATR is 0.011391, telling us that hourly volatility is “tight” enough to define an accurate entry zone around 1.3928 to capture the next burst of momentum. TP1 at 1.3723 and TP2 at 1.3586 set the first two targets for a decline based on calculations, while TP3 at 1.3381 extends the possibility of continuation if momentum is maintained. The invalidation zone at 1.4106 is the protective boundary for the trade in case of an abrupt upside reversal. This is a trend-following setup, not a counter-trend bet—so risk is controlled by sticking to the SL and avoiding an oversized position.
Discussion:
Are we just going to test TP2 and get bounced back by the daily chart’s range?
Click here to view the chart 👇️
$XRP XRP /USDT - 🟢 SHORT · Conf 70%
Trading plan:
Entry: 1.3915 – 1.3941
SL: 1.4201
TP1: 1.3723
TP2: 1.3586
TP3: 1.3381
Why this setup?
Why now? The daily trend is ranging within a band, but the 1-hour chart is sending a SHORT-leaning signal that goes against the structure of the higher timeframe. The 15-minute RSI at 50.69 shows the market is balanced—not overbought—leaving room for price to drop. The 1-hour ATR is 0.011391, telling us that hourly volatility is “tight” enough to define an accurate entry zone around 1.3928 to capture the next burst of momentum. TP1 at 1.3723 and TP2 at 1.3586 set the first two targets for a decline based on calculations, while TP3 at 1.3381 extends the possibility of continuation if momentum is maintained. The invalidation zone at 1.4106 is the protective boundary for the trade in case of an abrupt upside reversal. This is a trend-following setup, not a counter-trend bet—so risk is controlled by sticking to the SL and avoiding an oversized position.
Discussion:
Are we just going to test TP2 and get bounced back by the daily chart’s range?
Click here to view the chart 👇️