$XRP broke support on the daily, 12h and 4h at once. I'm bearish, but I'm not selling down here. I'm waiting for a bounce into the zone where the breakdown started. Selling the bottom of a flush is how shorts get squeezed. The sequence was clean. A sweep above equal highs, then a long red candle. Then the 12h range floor gave way, followed by the daily low. Price now sits under the 20, 50 and 200 EMAs on all three timeframes. Why the bounce zone matters: - Broken support, a 4h gap from the selloff and a half-retrace of the last leg stack in the same area - Down-day volume clearly outweighed up-day volume, and the last bounce was fully erased - Higher timeframes show hidden bearish divergence; no bullish reversal on RSI lows When four methods point to one area, it's not a coincidence. It's where trapped longs look to exit. From an ICT lens, price is deep in discount after the sweep. The sell setup is a return to premium, where the 4h gap meets resting buy-side liquidity on lower timeframes. Where I'm wrong: if price reclaims the broken range floor and closes above it, the breakdown failed. I step aside. Risks: a jobs print can whip price through the zone. And it's oversold, so it may drop without bouncing and never fill. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.