XRP short setup: the levels I'm watching

🔴 SHORT $XRP /USDT: expecting price to go DOWN
Bias: SHORT · Leaning

Entry: 1.2477 – 1.2495
TP1: 1.2340 (-1.2%)
TP2: 1.2243 (-1.9%)
TP3: 1.2098 (-3.1%)
SL: 1.2680 (+1.6%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Note: moderate conviction only, keep size light.

Why SHORT? 5/12 signals agree, 1 against.
• Daily trend down (below EMA50 & EMA200)
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
Risk: Stronger than BTC (+1.37% 24h vs BTC)

The reasoning:
The daily trend reads bearish, and 5/12 signals aligned favour the short side. The plan is to work the 1.2477 – 1.2495 zone, scale out at 1.2340 and 1.2243, and stay patient for 1.2098. A move through 1.2680 means the idea is wrong and the stop does its job.

Does XRP tag 1.2340 first, or the stop?

Full setup on the chart below.

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Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.