Signs of accumulation have yet to take hold, but the four-hour structure of $XRP has already made the direction clear. Price is below both moving averages, and the bearish alignment remains intact. The rebound looks more like an opportunity to add to short positions. The one-hour chart is weakening in sync, with sellers continuing to dominate and no signs of a short-term reversal.
Under this structure, rebounds often just shake out weak hands once again. Until the key resistance zone is reclaimed, the downtrend is likely to continue. RSI is in neutral territory, suggesting momentum has not yet been exhausted and there may still be room to fall.
🔴 Trade direction: Short
📍 Entry range: 1.3969 – 1.3981
🛑 Stop loss: 1.4110
🎯 Take profit 1: 1.3873
🎯 Take profit 2: 1.3807
🎯 Take profit 3: 1.3705
Take in the vastness of mountains and seas; observe the market’s every nuance.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#XRP
Tap below to trade 👇
Under this structure, rebounds often just shake out weak hands once again. Until the key resistance zone is reclaimed, the downtrend is likely to continue. RSI is in neutral territory, suggesting momentum has not yet been exhausted and there may still be room to fall.
🔴 Trade direction: Short
📍 Entry range: 1.3969 – 1.3981
🛑 Stop loss: 1.4110
🎯 Take profit 1: 1.3873
🎯 Take profit 2: 1.3807
🎯 Take profit 3: 1.3705
Take in the vastness of mountains and seas; observe the market’s every nuance.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#XRP
Tap below to trade 👇