Analysis for $XRP | 1h finorabot.com
- I expect further downside for XRPUSDT unless there is a strong bullish reversal signal. The overall structure is still bearish, with price trading below key resistance and supply levels at 1.9125 and 1.9656.
- If price pulls back to the 1.8873 - 1.8943 zone and shows a clear rejection (like a bearish engulfing or strong wick), I would look for short entries targeting 1.8700, 1.8470, and potentially 1.8123.
- For a high-probability short, wait for a liquidity sweep or a clear reversal pattern (like a lower high or bearish order block confirmation) around 1.8870-1.9125.
- If price closes strongly above 1.9160 with momentum, my bias would switch to bullish and I’d target 1.9656 and 2.0299.
- Stop-loss should be above the recent swing high for shorts, or below the recent swing low for longs if bias flips.
