📊 Trade Setup: $XRP — Short the Bounce Into 2.45–2.47
After a swift drop from 2.58, XRP is bouncing into resistance around the 1H MA100/4H supply zone. Momentum remains soft on 4H MACD.
🔻 Short Entry: 2.45–2.47 USDT
🎯 Take-Profit Targets:
TP1: 2.40 USDT — intraday support/VWAP area
TP2: 2.36–2.37 USDT — prior low/BB lower band zone
🛑 Stop-Loss: 2.50 USDT (above supply; invalidates LH idea)
Risk:Reward: ~1:2+
⚠️ Risk Factors: Strong close back above 2.50 can extend to 2.55–2.58.
News-driven volatility for XRP can spike wicks — size accordingly.
#xrp #cryptotrading #BinanceFutures #TechnicalAnalysis #BinanceSquare
