FX.co ★ Irfans7 | XRP/USD

*Bitwise XRP ETF · 4h · NYSE Arca | $12.13 +2.36%* *1. Price Structure* Left to right: $18.00 > $17.00 > $16.00 > $14.00 > $12.13 = LH. $14.00 > $13.00 > $11.80 = LL. Current $12.13 is bounce from $11.80 low. No HH above $13.00 yet. Full bearish structure. *2. Trend Direction* 4H bearish. Sequence: $18.00 > $17.00 > $16.00 > $14.00 > $12.13. Trend change: $14.00 break in June. Momentum down but slowing: $11.80→$12.13 with small green candles. Bias bearish below $13.00. *3. Volume Analysis* Spikes: Feb $18.00 area = tall red bar = distribution. Late Jun red bar $12.50→$11.80 = 12.89K volume = heavy selling/climax. Current volume low = no strong buyers yet. Selling exhausted but no demand. *4. Moving Averages* No MAs visible. Price action: All rallies $16.00→$14.00→$13.00 failed lower. Now testing $12.00-$12.50 after $11.80 bottom. If MAs were there, price far under them. *5. RSI and Momentum* No sub-panel. Price: Red leg $18.00→$11.80, now small green leg $11.80→$12.13. Low higher vs $11.80 = potential bottoming. No confirmation yet. *6. Key Support and Resistance* *Support*: $12.00 current zone, $11.80 floor, $11.00 next. *Resistance*: $12.50 seller zone, $13.00 breakdown, $14.00. *Flip*: $12.50. Above = test $13.00, below = back to $11.80. *7. Trading Plan* *Long bias*: 4H close >$12.50 + hold $12.20. Entry $12.40. SL $11.50, TP1 $13.00, TP2 $14.00, TP3 $15.00. R:R ∼1:2. *Short only if*: 4H rejection $12.50 | *Bearish*: Close