$XRP — Pullback or Breakdown? Bulls Are Still Fighting Back.
XRP is showing signs of a short-term recovery despite the broader daily bearish trend. This looks more like a counter-trend bounce than a confirmed trend reversal, so risk management is important.
🟢 LONG $XRP/USDT
Entry: $1.2754 – $1.2782
TP1: $1.2941
TP2: $1.3056
TP3: $1.3229
Stop Loss: $1.2538
Why I'm Watching This Setup:
• 15m ADX at 33.1 indicates strong directional activity.
• 4H RSI at 62.7 shows positive momentum.
• 15m RSI at 53.75 suggests buyers still have a slight advantage.
• BTC strength could provide additional support, with a 0.62 correlation.
The Risk Factor:
XRP remains below its daily EMA50 and EMA200, meaning the bigger trend is still bearish. Only 5 out of 12 signals support this long setup.
My strategy is to secure 50% at TP1, another 25% at TP2, and let the remaining position target TP3. After TP1, consider moving the stop loss to breakeven.
This is a moderate-conviction counter-trend trade, not a guaranteed reversal.
What level would invalidate this bullish setup for you? #Write2Earn #Binance #Crypto #BinanceReopensWithdrawalsForMoreAssets #BinanceHourlyDepositsExceedWithdrawals
XRP is showing signs of a short-term recovery despite the broader daily bearish trend. This looks more like a counter-trend bounce than a confirmed trend reversal, so risk management is important.
🟢 LONG $XRP/USDT
Entry: $1.2754 – $1.2782
TP1: $1.2941
TP2: $1.3056
TP3: $1.3229
Stop Loss: $1.2538
Why I'm Watching This Setup:
• 15m ADX at 33.1 indicates strong directional activity.
• 4H RSI at 62.7 shows positive momentum.
• 15m RSI at 53.75 suggests buyers still have a slight advantage.
• BTC strength could provide additional support, with a 0.62 correlation.
The Risk Factor:
XRP remains below its daily EMA50 and EMA200, meaning the bigger trend is still bearish. Only 5 out of 12 signals support this long setup.
My strategy is to secure 50% at TP1, another 25% at TP2, and let the remaining position target TP3. After TP1, consider moving the stop loss to breakeven.
This is a moderate-conviction counter-trend trade, not a guaranteed reversal.
What level would invalidate this bullish setup for you? #Write2Earn #Binance #Crypto #BinanceReopensWithdrawalsForMoreAssets #BinanceHourlyDepositsExceedWithdrawals