📉 XRP Short Setup in Focus 🔻
Trading Plan:
Bias: Short
Entry: 2.05 - 2.08
SL: 2.12
TP1–TP3: 2.00 / 1.90 / 1.82
Technical Analysis:
On the 4-hour timeframe, Ripple exhibits a clear bearish trend, with the price trading consistently below the EMA(7), EMA(25), and EMA(99). The price has recently faced rejection from the cluster of EMAs, which are now acting as strong dynamic resistance around the 2.07-2.11 area. Confirmation for a continued move downwards is supported by the MACD indicator showing a bearish stance below the zero line and the RSI remaining below 50, indicating sustained selling momentum.
Invalidation:
Only a break above 2.12 would invalidate this bearish setup.
XRPUSDT
Perp
2.0484
-2.74%
FHEUSDT
Perp
0.05802
+54.55%
PUMPUSDT
Perp
0.002913
-4.86%