The biggest danger beneath the surface is mistaking a rebound for a reversal. The current setup at $XRP has exactly that trap lurking in it. The daily chart is below both moving averages, with the bearish alignment clearly in place. The four-hour and hourly charts are also showing no signs of strengthening. All three timeframes are leaning weak, so there’s no need to fight the trend. The moving-average band overhead is resistance, and declining volume during the rebound suggests buyers aren’t stepping in.
I’d rather look for the downtrend to continue when the rebound loses steam than bet on a sudden turnaround. Following the structure makes it easier to stay confident. Do you think this bounce can hold?
🔴 Trade direction: Short
📍 Entry range: 1.2539 – 1.2591
🛑 Stop loss: 1.3074
🎯 Take profit 1: 1.2184
🎯 Take profit 2: 1.1929
🎯 Take profit 3: 1.1549
There’s no need to chase the trend; it will come around on its own.
Stand alongside Sister Li and make every moment count.
#XRP
Click below to trade 👇
I’d rather look for the downtrend to continue when the rebound loses steam than bet on a sudden turnaround. Following the structure makes it easier to stay confident. Do you think this bounce can hold?
🔴 Trade direction: Short
📍 Entry range: 1.2539 – 1.2591
🛑 Stop loss: 1.3074
🎯 Take profit 1: 1.2184
🎯 Take profit 2: 1.1929
🎯 Take profit 3: 1.1549
There’s no need to chase the trend; it will come around on its own.
Stand alongside Sister Li and make every moment count.
#XRP
Click below to trade 👇