$1.25 is the line that decides the next leg.
🔴 $XRP - SHORT
Trade Plan:
Current Price: ~$1.2537
Entry Zone: $1.2500 – $1.2700
SL: $1.3200
TP1: $1.2000
TP2: $1.1500
TP3: $1.1000
XRP lost the $1.30 shelf and every bounce since has printed a lower high beneath it, confirming a clean S/R flip with the current price of $1.2537 sitting directly inside the entry zone for immediate execution. The 4H EMA20 at $1.2620 and EMA50 at $1.2810 are stacked overhead and sloping down, forming a dynamic ceiling that aligns with the $1.2500–$1.2700 rejection band. Volume profile shows a thin liquidity void between $1.20 and $1.14, meaning once TP1 gives way the move toward TP2 can accelerate without structural friction. The 15-minute MACD histogram is rolling over at the zero line while RSI sits at 44 — not oversold, leaving room for another leg down. This is a rejection short at broken support with invalidation tight above the $1.32 swing high.
Do you fade the $1.27 retest or wait for the $1.20 break?
Click below for trade 👇
DYOR & manage risk!
$XRP
🔴 $XRP - SHORT
Trade Plan:
Current Price: ~$1.2537
Entry Zone: $1.2500 – $1.2700
SL: $1.3200
TP1: $1.2000
TP2: $1.1500
TP3: $1.1000
XRP lost the $1.30 shelf and every bounce since has printed a lower high beneath it, confirming a clean S/R flip with the current price of $1.2537 sitting directly inside the entry zone for immediate execution. The 4H EMA20 at $1.2620 and EMA50 at $1.2810 are stacked overhead and sloping down, forming a dynamic ceiling that aligns with the $1.2500–$1.2700 rejection band. Volume profile shows a thin liquidity void between $1.20 and $1.14, meaning once TP1 gives way the move toward TP2 can accelerate without structural friction. The 15-minute MACD histogram is rolling over at the zero line while RSI sits at 44 — not oversold, leaving room for another leg down. This is a rejection short at broken support with invalidation tight above the $1.32 swing high.
Do you fade the $1.27 retest or wait for the $1.20 break?
Click below for trade 👇
DYOR & manage risk!
$XRP
