【XRP hitting 1.40 clearly "resisted"? Stagnation at high levels = bears preparing to harvest!】

Structural Analysis (1H + 4H)

4-hour timeframe

Current price 1.40 has entered a strong pressure zone (1.40–1.45)

There is a clear supply zone in this area from previous periods

Trend rhythm:

Continuous rise followed by high-level consolidation (easy to turn weak)

1-hour timeframe

Shows a sharp rise and fall + upper shadow

The high point is not continuously refreshed, and momentum clearly weakens

Moving averages are starting to flatten, indicating a potential shift to bearish

Fundamental:

Rising momentum diminishes → enters a correction window

Bearish logic (core basis)

Price touches the key resistance level at 1.40

Short-term surge shows no continuation (typical trap for buyers)

If it breaks below 1.37, a correction will be confirmed

Currently:

End of the rally → bears are more cost-effective

Prioritize short positions over chasing longs at the current location

【XRP Short Strategy Today】

Entry position: 1.407

First target: 1.391

Second target: 1.376

Stop-loss position: 1.429

XRP3,77%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin