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XRPUSDDailyBearish

XRP daily (SMC): sell the 1.125–1.170 zone

FXFibo editorial · · 1 min read
Summary

The daily structure in XRP is bearish: a bearish break of structure (BOS) at 1.2339, with price now around 1.0996. The 1.125–1.170 area is the main sell zone.

BiasBearishEntry zone1.145Stop loss1.200Target 11.050Target 21.000StatusActive
Invalidation: Daily close above 1.198
XRP daily (SMC): sell the 1.125–1.170 zone

Main scenario

  • Entry zone: 1.125–1.170 (around 1.145)
  • Stop: 1.200
  • Targets: 1.050 and 1.000
  • Enter after candle confirmation or an aligned CHoCH on a lower timeframe

Alternative scenario

A daily close above 1.198 invalidates the main scenario and opens the way to 1.198.

Key levels

  • Resistance: 1.1485, 1.170, 1.198
  • Support: 1.0754, 1.050, 1.000

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.