Overall Picture (1H XRP/USDT) Short-Term

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Overall Picture (1H XRP/USDT) Short-TermXRP / TetherUSBINANCE:XRPUSDTcryptodailyukπŸ“Š Overall Picture (1H XRP/USDT) Short-Term Trend: Down Structure: Lower Highs + Lower Lows Price currently ~1.41 We see: Rejection from around 1.45–1.46 Respecting the downtrend line (black) πŸ“‰ Trend & Structure βœ”οΈ Trend line is working correctly βœ”οΈ Every retest β†’ sell βœ”οΈ No breakout of the structure (yet) ➑️ Until we break this line: πŸ‘‰ Bias = Short πŸ”‘ Key Levels 🟒 Resistance: 1.4240 – Local (Reactions) 1.4588 – Strong Supply 1.4880 – HTF Resistance πŸ”΄ Support: 1.3920 – Currently Tested 1.3458 – Strong Support below ⚑ Scenarios πŸŸ₯ SCENARIO 1 – continued declines (more likely) Condition: no breakout of the trendline rejection 1.41–1.42 Targets: 1.392 β†’ 1.38 then 1.35 πŸ‘‰ classic continuation move 🟩 SCENARIO 2 – breakout and reversal Condition: breakout + close above the trendline reclaim 1.424 Targets: 1.45 then 1.48 πŸ‘‰ but it must be a strong impulse, not a fake breakout πŸ“ˆ Indicators Stoch RSI: from below β†’ upward momentum possible short squeeze RSI: ~50 β†’ no advantage market in balance/consolidation Before the move 🧠 Interpretation Classic setup: Downtrend Momentum is starting to rise πŸ‘‰ This means a likely: either a fake pump β†’ a further dump or a breakout of the structure 🎯 How I would play it (purely tactically) SHORT option: Entry: near the trendline (1.41–1.42) SL: above 1.43–1.44 TP: 1.38 β†’ 1.35 LONG option (confirmed breakout only): Entry: after a breakout and a retest of 1.42 as support TP: 1.45 β†’ 1.48