XRP's weekly chart action is currently mirroring typical meme coin patterns—pretty grim honestly. The price structure lacks conviction, and until we see some real strength kick in, the risk setup isn't appealing. My play here is watching for failed bounce attempts, especially anything that looks half-hearted. Once that happens, I'm ready to go short on weak recoveries and take profits at the Fair Value Gap sitting lower down. The setup hinges on confirmation of that bounce rejection—if it fails to hold, that's when the entry signals get interesting. Position sizing tight until volatility settles, but the odds favor downside if bears keep the pressure on this week.
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BlockchainFoodie
· 7h ago
ngl xrp's looking like day-old bread rn... no proof-of-freshness vibes, you know? that bounce rejection play hits different tho—reminds me of how a poorly sourced ingredient fails the farm-to-fork verification check, just total structural collapse fr fr
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HashBrownies
· 7h ago
XRP has been really hard to watch this week. If the rebound is any softer, I will just open a short position directly.
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RugResistant
· 7h ago
XRP's chart this week is indeed a bit stretched. The rebound lacks strength, so I'm preparing to short.
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LucidSleepwalker
· 7h ago
XRP's chart this week is indeed a bit disappointing, with no real strength in the rebound... just waiting for it to slip up.
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BlockchainBouncer
· 7h ago
XRP's performance this week has been really miserable, just like altcoins, it's not very interesting. Let's wait and see if the rebound fails; only then will shorting become somewhat interesting.
XRP's weekly chart action is currently mirroring typical meme coin patterns—pretty grim honestly. The price structure lacks conviction, and until we see some real strength kick in, the risk setup isn't appealing. My play here is watching for failed bounce attempts, especially anything that looks half-hearted. Once that happens, I'm ready to go short on weak recoveries and take profits at the Fair Value Gap sitting lower down. The setup hinges on confirmation of that bounce rejection—if it fails to hold, that's when the entry signals get interesting. Position sizing tight until volatility settles, but the odds favor downside if bears keep the pressure on this week.