Is this the final frenzy for XRP bulls? A 4-hour top divergence has already appeared



$XRP /USDT - Go short SHORT

Trading plan:
Entry: 1.1042 – 1.1068
SL: 1.1182
TP1: 1.0960
TP2: 1.0896
TP3: 1.0801

Why focus on this structure?
- The daily trend is clearly bearish; a 4-hour EMA death cross is about to happen
- RSI on the 15-minute chart is 51.9; the rebound lacks strength, and downside room is opening up
- The current price 1.1055 is near the resistance zone, the best point to enter a SHORT

Discussion:
For this SHORT, should we first target TP1 1.0960, or go straight with a wick to 1.08?
XRP-0.61%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned