$XRP is down ~11% since Nov 8 and sits at 1.037, one push from the 0.986-1.00 shelf it held Aug 11-18 before ripping to 1.70 by Aug 22.
Trend: Neutral (4H and 1D down, PPI tomorrow)
🎯 Entry long: 0.995 – 1.005 (only after a test and a 1H close back above 1.00; valid until Nov 14, 00:00 UTC)
✅ TP1: 1.055
✅ TP2: 1.075
✅ TP3: 1.12
🛑 SL: 0.962
📊 Logic:
• Macro: hot October CPI (core +0.3% MoM) pushed CME FedWatch odds of a Dec 9 hike to ~85-90%. PPI lands Nov 13, 13:30 UTC.
• Spot XRP ETFs saw ~$18M net outflows on Nov 9-10 (SoSoValue).
• 1D RSI 23, deeply oversold. Funding +0.008%: no squeeze fuel, so a bounce needs spot buyers.
• TP2 sits under 4H resistance (1.079) and the falling 4H EMA20. TP3 stops under 1D resistance (1.124).
⚠️ Invalidation: a 4H close below 0.986 = exit early; 0.962 is the hard stop for wicks. If 1.055 prints before a fill, skip.
$XRP at 1.00: BID or BREAK? Drop one word 👇
#XRP #Fed #PPI $XRP
Disclaimer: Personal view, not financial advice. DYOR.
Trend: Neutral (4H and 1D down, PPI tomorrow)
🎯 Entry long: 0.995 – 1.005 (only after a test and a 1H close back above 1.00; valid until Nov 14, 00:00 UTC)
✅ TP1: 1.055
✅ TP2: 1.075
✅ TP3: 1.12
🛑 SL: 0.962
📊 Logic:
• Macro: hot October CPI (core +0.3% MoM) pushed CME FedWatch odds of a Dec 9 hike to ~85-90%. PPI lands Nov 13, 13:30 UTC.
• Spot XRP ETFs saw ~$18M net outflows on Nov 9-10 (SoSoValue).
• 1D RSI 23, deeply oversold. Funding +0.008%: no squeeze fuel, so a bounce needs spot buyers.
• TP2 sits under 4H resistance (1.079) and the falling 4H EMA20. TP3 stops under 1D resistance (1.124).
⚠️ Invalidation: a 4H close below 0.986 = exit early; 0.962 is the hard stop for wicks. If 1.055 prints before a fill, skip.
$XRP at 1.00: BID or BREAK? Drop one word 👇
#XRP #Fed #PPI $XRP
Disclaimer: Personal view, not financial advice. DYOR.
