1.4 is not the bottom, it is the consumption zone
XRP is weakening simultaneously on the one-hour and four-hour charts, and the only direction left at the end of the sideways movement is one
The most dangerous consensus in the market right now is just one sentence:
"XRP has been so sideways, it should be about to pull up, right?"
But veterans understand -
A real decline often starts from a place where 'everyone is calm'.
Four-hour chart (trend direction) - rebound ends, structure has not reversed
The major structure clearly drops from 1.56 to 1.11
Then there is a rebound:
No recovery of previous highs
Repeatedly pressured by the BOLL middle line + upper line
Current price status:
Running below the midline for a long time
Upper track continues to decline → channel is bearish
K-line structure:
High points keep moving lower
Each round of rebound amplitude is shrinking
Four-hour summary:
This is a consolidation in a downtrend, not the starting point of a new uptrend.
One-hour chart (entry signal) — the longer it consolidates, the greater the risk
Prices oscillate narrowly around 1.38 – 1.44
But pay attention to three details:
The rebound lacks volume
The upward movement is immediately pushed back
Support below is gradually weakening
BOLL three lines converge and flatten out
Direction choice is approaching, following the larger cycle, it will only go down.
This is typical:
Use time to exchange for space, using consolidation to cover short positions.
XRP short strategy
Entry position: 1.41
First take profit: 1.39
Second take profit: 1.37
Stop loss position: 1.43
