The $XRP shakeout is clearing weak hands.
The $XRP chart shows a sharp rejection from 1.6581, flushing out late longs down to the 1.50 support zone. Volume is cooling, and the StochRSI is deeply oversold, hinting at seller exhaustion. EMA(25) at 1.4999 is holding firm as immediate structural support.
Trade Plan ✈️
Buy Zone: 1.4800 - 1.5050
TP1: 1.6200
TP2: 1.7500
Invalidation: 4H close below 1.4200
I am scaling into $XRP patiently at this support, waiting for a confirmed reversal rather than catching a falling knife.
Are you accumulating this dip or waiting for trend confirmation? Follow for elite spot setups.
The $XRP chart shows a sharp rejection from 1.6581, flushing out late longs down to the 1.50 support zone. Volume is cooling, and the StochRSI is deeply oversold, hinting at seller exhaustion. EMA(25) at 1.4999 is holding firm as immediate structural support.
Trade Plan ✈️
Buy Zone: 1.4800 - 1.5050
TP1: 1.6200
TP2: 1.7500
Invalidation: 4H close below 1.4200
I am scaling into $XRP patiently at this support, waiting for a confirmed reversal rather than catching a falling knife.
Are you accumulating this dip or waiting for trend confirmation? Follow for elite spot setups.
