$XRP /USDT — SHORT (SELL)
Entry: 1.3750 – 1.3780 (Current: ~1.3756)
Target: 1.3422
Technical Rationale
Moving Average Rejection Price is trading below both the 1H MA(7) at 1.3790 and MA(25) at 1.4041 following the sharp breakdown from the 1.4538 local peak.
Bearish Consolidation After dropping below key moving averages, price action shows weak buy-side response near 1.3756, keeping short-term momentum aligned with the bears.
Target Liquidity The 1.3422 target pushes below the major 1H MA(99) support line at 1.3513, capturing downside liquidity.
#xrp #BOJRaisesRatesTo31YearHigh
Entry: 1.3750 – 1.3780 (Current: ~1.3756)
Target: 1.3422
Technical Rationale
Moving Average Rejection Price is trading below both the 1H MA(7) at 1.3790 and MA(25) at 1.4041 following the sharp breakdown from the 1.4538 local peak.
Bearish Consolidation After dropping below key moving averages, price action shows weak buy-side response near 1.3756, keeping short-term momentum aligned with the bears.
Target Liquidity The 1.3422 target pushes below the major 1H MA(99) support line at 1.3513, capturing downside liquidity.
#xrp #BOJRaisesRatesTo31YearHigh