$XRP /USDT Signal Update
Bias: Bearish on 4H
XRP is trading around $1.1270, well below the 7MA ($1.1406), 25MA ($1.1962), and 99MA ($1.1569). The chart shows a clear downtrend with lower highs and lower lows, indicating sellers remain in control.
Trade Setup (Short):
Entry: $1.1300 – $1.1400
Leverage: 5x–10x
Stop Loss: $1.1580
Take Profits:
TP1: $1.1100
TP2: $1.0850
TP3: $1.0500
Trade Management: Secure partial profits at TP1 and move the stop loss to breakeven. Hold the remaining position only if XRP fails to reclaim $1.1400.
Market View: XRP has lost key moving averages and is struggling to attract buyers. A rejection around $1.13–$1.14 could lead to another leg down toward $1.10–$1.05. A strong 4H close above $1.1580 would invalidate the bearish setup and signal potential recovery.
Risk/Reward: Approximately 1:2.5 if TP3 is reached. Use proper risk management and avoid overleveraging in this high-volatility environment.
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