I’m leaning bearish on $XRP right now, but I’m keeping my emotions in check. The market is testing my patience, and discipline is the only thing keeping me from getting chopped up at these levels.
My analysis of the order flow shows some heavy shelves sitting right around $1.1634. If resistance holds here, we’re looking at a potential short setup, but I’m not jumping in blindly.
Here is how I’m mapping the trade:
• Entry: $1.1634
• TP1: $1.15 (Taking profit here to de-risk)
• TP2: $1.1422 (The macro target)
• Invalidation: $1.1720
• Risk/Reward: ~1:3.72
⚠️ The Trap Setup:
Keep a close eye on that $1.15 level. If we see a clean breakdown, expect a cascade of long liquidations dragging us down to the $1.1422 floor. Conversely, if we reclaim resistance, invalidation parameters kick in. I’m watching the order book closely to see which way the liquidity flows before committing.
Are you looking to catch the bounce at $1.1634, or are you waiting for the sweep at $1.1422? Let me know your game plan in the comments.
⚠️ Caution: This is an educational chart study only — Not Financial Advice (NFA). Crypto is volatile; Do Your Own Research (DYOR).
#XRP #DYOR n #BinanceSquare
My analysis of the order flow shows some heavy shelves sitting right around $1.1634. If resistance holds here, we’re looking at a potential short setup, but I’m not jumping in blindly.
Here is how I’m mapping the trade:
• Entry: $1.1634
• TP1: $1.15 (Taking profit here to de-risk)
• TP2: $1.1422 (The macro target)
• Invalidation: $1.1720
• Risk/Reward: ~1:3.72
⚠️ The Trap Setup:
Keep a close eye on that $1.15 level. If we see a clean breakdown, expect a cascade of long liquidations dragging us down to the $1.1422 floor. Conversely, if we reclaim resistance, invalidation parameters kick in. I’m watching the order book closely to see which way the liquidity flows before committing.
Are you looking to catch the bounce at $1.1634, or are you waiting for the sweep at $1.1422? Let me know your game plan in the comments.
⚠️ Caution: This is an educational chart study only — Not Financial Advice (NFA). Crypto is volatile; Do Your Own Research (DYOR).
#XRP #DYOR n #BinanceSquare
