$XRP Position: SHORT (SELL)
Entry Price: $2.0945
Reasoning: This price is set to catch a minor market pullback (retest) towards the short-term Exponential Moving Averages (EMA 7 and EMA 25). Entering here maximizes the potential profit while keeping the risk low. It confirms that the recent minor bounce has failed and selling pressure is resuming.
Stop Loss (SL): $2.1050
Reasoning: Placed just above a key resistance area and the EMA(25). If the price closes above this level, the short-term bearish structure is likely invalidated, and we must exit the trade to protect capital.
Take Profit 1 (TP1): $2.0700
Reasoning: Targets the 24-hour Low of $2.0691. This is a reliable initial target where strong support is expected. (Take 50% profit here).
Take Profit 2 (TP2): $2.0500
Reasoning: Targets the next significant structural support level seen on the 4-hour chart. This is for maximizing profit on the remaining position if the downtrend continues strongly. (Close the remaining 50% profit here).
Risk-Reward Ratio: Approximately 1:2.33 (to TP1)$XRP #Xrp🔥🔥