$XRP
Trade setup (Short)
Entry Zone: 1,3500 – 1,3800 — retest of the bearish Order Block and imbalance (FVG) zone on the hourly timeframe as part of a correction against the main trend.
TP: 1,2500 — liquidity sweep of the local low and order pools below. (R:R ≈ 1:3.2)
SL: 1,4100 — the stop-loss is placed above the protected structural high; a breakout above it invalidates the bearish scenario and signals a break in the local structure.
Market overview
The market structure for XRP/USDT remains bearish, with a priority on taking short positions only.
Following an impulsive break of structural levels (BOS) and a new local low (LL) near 1,280, the price is consolidating around 1,3088, forming a weak correction toward resistance zones before continuing its downward move.
Trade setup (Short)
Entry Zone: 1,3500 – 1,3800 — retest of the bearish Order Block and imbalance (FVG) zone on the hourly timeframe as part of a correction against the main trend.
TP: 1,2500 — liquidity sweep of the local low and order pools below. (R:R ≈ 1:3.2)
SL: 1,4100 — the stop-loss is placed above the protected structural high; a breakout above it invalidates the bearish scenario and signals a break in the local structure.
Market overview
The market structure for XRP/USDT remains bearish, with a priority on taking short positions only.
Following an impulsive break of structural levels (BOS) and a new local low (LL) near 1,280, the price is consolidating around 1,3088, forming a weak correction toward resistance zones before continuing its downward move.