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Currently, $XRP is approximately around 1.3429 USDT. Today’s price movement is roughly -0.58%.
For me, the focus is not on how much it has risen, but whether it’s a good entry point.
In the short term, I still lean towards bearish. $XRP
I will first watch these signals:
First, observe that the active buying is not strong enough; an upward breakout still lacks momentum.
Second, this rally seems more like an emotional surge; the follow-through has not caught up yet.
Additionally, the price is close to the resistance zone; the upward potential and risk-reward ratio are average.
For this kind of position, I usually handle it with this rhythm: top sweep high, waterfall short / rebound baiting for a second waterfall short / break support and chase short.
The entry points I will watch: 1.355 USDT
First target: 1.275 USDT
Stop-loss reference: 1.388 USDT
Invalidation condition: 5-minute reclaim of resistance / 15-minute reclaim of the sweep high
Risk-reward ratio reference: 2.50R
If the price doesn’t reach the level, it’s better to wait rather than force an entry.