$XRP /USDT – Aggressive Long Play off the Panic Low (1H)
Hook: Everyone hates XRP after that flush to $1.9767… which is exactly why this bounce can punish late bears hard.
Trading Setup – Long Bias (Scalp / Short-Term)
• Entry zone: $2.00 – $2.04
• Stop Loss: $1.96 – $1.97 (below the wick low at $1.9767)
• Take Profit 1: $2.07 – $2.08 (EMA200 1H ≈ $2.0682)
• Take Profit 2: $2.12
• Take Profit 3 (aggressive): $2.17 – $2.18 (previous spike high $2.1780)
Why this bounce matters
• Price just reclaimed above the post-dump base around $2.00, holding a higher low after the liquidation wick at $1.9767.
• RSI(12) ≈ 54 / RSI(24) ≈ 49 → momentum reset from oversold, room to squeeze up before being overbought.
• MACD just flipped slightly positive on 1H → early sign of a potential relief leg, not confirmed trend reversal.
• Price is still below EMA99 & EMA200 ($2.0493 / $2.0682) → this is a counter-trend long, target is mainly the “mean reversion” back into those EMAs, not moonshot.
Psychology & Levels
• Bears are comfortable after the dump, thinking any bounce will be sold.
• If XRP pushes through $2.05 – $2.08, shorts who entered late on the breakdown start feeling pain and can fuel a squeeze toward $2.12+.
• Best R:R is buying closer to $2.00 on small dips; chasing too high above $2.05 weakens the setup.
Invalidation
• 1H candle closing below $1.97 with growing red volume = bounce is dead, exit and wait lower (zone $1.90 – $1.92 becomes next interest area).
• Sideways chop under $2.05 for too long + MACD rolling back down = reduce size / secure profits.
If XRP really wants to punish the panic sellers, this is the zone where it should launch a clean mean-reversion pump into $2.07–2.12.
So what’s your move: scale in near $2.00 for the squeeze, or let XRP run without you again? 🚀📈
