âđ„ $XRP hitting resistance at $1.41: Rejection or breakout ahead?
âTook a close look at the 1H $XRP/USDT chart after that sharp recovery from the $1.3189 bottom.
âPrice is currently consolidating around $1.405, but we are trading right under a heavy resistance confluence zone between $1.416 and $1.422 (EMA99 & Upper Bollinger Band).
âHere is how Iâm playing this $XRP setup:
ââą Short Scalp Scenario (High Probability): If we get rejected near $1.415 - $1.420 resistance, looking for a short-term pullback back towards $1.385 - $1.375.
ââą Bullish Trigger: Need a clean 1H candle close above $1.422 to confirm a breakout toward $1.450+.
âMy Key Levels:
âą Target: $1.3800 (Short) / $1.4500 (Long)
âą Invalidation (SL): $1.4250 (Short) / $1.3900 (Long)
âRSI and MACD are turning flat, indicating buyers are losing momentum near this key resistance level.
âAre you shorting this resistance or holding long for a breakout above $1.42? Let me know below! đ
âNot financial advice. Trade with strict risk management.
â#Write2Earn #XRP #Ripple #CryptoAnalysis #BinanceSquare #CryptoTrading
$XRP
âTook a close look at the 1H $XRP/USDT chart after that sharp recovery from the $1.3189 bottom.
âPrice is currently consolidating around $1.405, but we are trading right under a heavy resistance confluence zone between $1.416 and $1.422 (EMA99 & Upper Bollinger Band).
âHere is how Iâm playing this $XRP setup:
ââą Short Scalp Scenario (High Probability): If we get rejected near $1.415 - $1.420 resistance, looking for a short-term pullback back towards $1.385 - $1.375.
ââą Bullish Trigger: Need a clean 1H candle close above $1.422 to confirm a breakout toward $1.450+.
âMy Key Levels:
âą Target: $1.3800 (Short) / $1.4500 (Long)
âą Invalidation (SL): $1.4250 (Short) / $1.3900 (Long)
âRSI and MACD are turning flat, indicating buyers are losing momentum near this key resistance level.
âAre you shorting this resistance or holding long for a breakout above $1.42? Let me know below! đ
âNot financial advice. Trade with strict risk management.
â#Write2Earn #XRP #Ripple #CryptoAnalysis #BinanceSquare #CryptoTrading
$XRP