$XRP has broken below the H1 floor, but chasing a Short near support could make you a late arrival who still pays full fare.
The close at 1.3618 is below CHoCH at 1.3996 and the old low at 1.3865, while the rebound high at 1.4209 was lower than 1.4260, showing buyers have yet to repair the structure.
Two bearish candles with volumes of 3.19× and 1.99× the average of the previous 20 candles reinforce the bearish bias; Wyckoff suggests potential distribution transitioning into an ongoing markdown.
The heatmap shows bright liquidation bands above and a small band below, but the price axis is rounded to “1.4,” so the exact levels cannot be read yet. Entry still needs to wait for a failed pullback confirmed on H1.
Will the next bounce reclaim the lost floor, or just bring more passengers aboard the elevator heading down?
CONDITIONAL SHORT MAP — $XRP / H1
• Trigger: H1 close below 1.3996 — confirmed
• Entry: 1.3890–1.3940
• Confirmation: wait for a pullback that fails to reclaim the lost structure, with H1 confirmation of price rejection
• SL: 1.4230
• TP1: 1.3562 → 1.12R
• TP2: 1.3177 → 2.34R
• Setup invalidation: H1 close above 1.4209
BEARISH BIAS — NO ENTRY YET
R is calculated from the midpoint of 1.3915, excluding fees and slippage; recalculate using the actual fill price.
TP1 offers modest room; TP2 requires the downtrend structure to continue — don’t chase a Short near support. If there’s no failed retest, skip it!!!
The close at 1.3618 is below CHoCH at 1.3996 and the old low at 1.3865, while the rebound high at 1.4209 was lower than 1.4260, showing buyers have yet to repair the structure.
Two bearish candles with volumes of 3.19× and 1.99× the average of the previous 20 candles reinforce the bearish bias; Wyckoff suggests potential distribution transitioning into an ongoing markdown.
The heatmap shows bright liquidation bands above and a small band below, but the price axis is rounded to “1.4,” so the exact levels cannot be read yet. Entry still needs to wait for a failed pullback confirmed on H1.
Will the next bounce reclaim the lost floor, or just bring more passengers aboard the elevator heading down?
CONDITIONAL SHORT MAP — $XRP / H1
• Trigger: H1 close below 1.3996 — confirmed
• Entry: 1.3890–1.3940
• Confirmation: wait for a pullback that fails to reclaim the lost structure, with H1 confirmation of price rejection
• SL: 1.4230
• TP1: 1.3562 → 1.12R
• TP2: 1.3177 → 2.34R
• Setup invalidation: H1 close above 1.4209
BEARISH BIAS — NO ENTRY YET
R is calculated from the midpoint of 1.3915, excluding fees and slippage; recalculate using the actual fill price.
TP1 offers modest room; TP2 requires the downtrend structure to continue — don’t chase a Short near support. If there’s no failed retest, skip it!!!