🔍 $XRP 1H: NO TRADE, price coiling above the Nov 10 flush low
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📊 State: XRP closed 1.0623 on the 1H. For 14 hours it has stayed between 1.047 and 1.068 after Tuesday's flush to 1.0311. It is still below the 1H EMA50 (1.080) and EMA200 (1.153), and the 4H EMA200 (1.281). The bigger trend is still down.
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🧱 Levels: resistance 1.068, then 1.080 and 1.106 (30-bar high). Support 1.047, then 1.031.
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🚫 Why no trade: a long needs a stop under 1.031 + 0.3×ATR (≈1.028). From 1.068 that is ≈0.04 of risk against ≈0.03 to the 1.10 area, which is under 1R. A short needs a stop above 1.106, which is too wide for the 1.031 target.
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👀 What changes the bias: a 1H close above 1.068 that holds turns the next test to 1.080/1.10. A 1H close below 1.047 reopens 1.031. I'll reassess on the breakout.
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Not financial advice. DYOR.
#XRP #TechnicalAnalysis #CryptoTrading #BinanceSquare
⠀
📊 State: XRP closed 1.0623 on the 1H. For 14 hours it has stayed between 1.047 and 1.068 after Tuesday's flush to 1.0311. It is still below the 1H EMA50 (1.080) and EMA200 (1.153), and the 4H EMA200 (1.281). The bigger trend is still down.
⠀
🧱 Levels: resistance 1.068, then 1.080 and 1.106 (30-bar high). Support 1.047, then 1.031.
⠀
🚫 Why no trade: a long needs a stop under 1.031 + 0.3×ATR (≈1.028). From 1.068 that is ≈0.04 of risk against ≈0.03 to the 1.10 area, which is under 1R. A short needs a stop above 1.106, which is too wide for the 1.031 target.
⠀
👀 What changes the bias: a 1H close above 1.068 that holds turns the next test to 1.080/1.10. A 1H close below 1.047 reopens 1.031. I'll reassess on the breakout.
⠀
Not financial advice. DYOR.
#XRP #TechnicalAnalysis #CryptoTrading #BinanceSquare
