XRP Breakout or Bull Trap? — Key Levels to WatchXRP / TetherUSBINANCE:XRPUSDTSiDecXRP spent the last month trading in a tight range, and the breakout I was waiting for has finally happened. With the recent push, price is now approaching a key confluence zone: Anchored VWAP 0.786 Fibonacci retracement This area sits around $1.55–$1.60, where a rejection would make sense. Trade Idea — Short Into Range High I’d like to see XRP continue respecting the broader range between: $1.25 – $1.70 The ideal scenario: Price rejects near $1.55 Momentum stalls at resistance Reversal signals appear ➡ That opens a potential short swing trade Target: Return to the range low near $1.25 The range low aligns with: Strong structural support 0.786 Fibonacci retracement at $1.2358 That makes it a logical take-profit zone and potentially the next high-probability long opportunity. Execution Plan As always: Wait for rejection signals Don’t front-run resistance Let the setup confirm No rejection = no trade XRP has been trading very technically, respecting levels cleanly. If this plays out, the short swing could offer: ~20% potential move ~1:5 risk-to-reward _________________________________ 💬 If you found this helpful, drop a like and comment!