Short $XRP with eyes on 0.9721 — the setup targets a 7.9% drop from entry.
The daily and 4h trends both point down, and price sits below both daily EMAs, so the big picture is a downtrend. The chart backs it up: 6 of 12 signals aligned short, 71% confidence, and a 2.00 reward-to-risk read, with RSI 14 at 47.6 and price at 1.0616, down 0.93% over 24h.
Entry: 1.0543 – 1.0573 (chart marks 1.0558)
TP1: 1.0244 (-3.0%)
TP2: 1.0035 (-5.0%)
TP3: 0.9721 (-7.9%)
SL: 1.0976 (+4.0%)
One thing to watch: BTC is rising, and XRP tends to follow it (correlation 0.74), so a BTC push higher could work against this short.
Plan: close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry once TP1 hits.
Where do you see XRP heading next? Personal market analysis only — not financial advice. Manage risk and DYOR.
The daily and 4h trends both point down, and price sits below both daily EMAs, so the big picture is a downtrend. The chart backs it up: 6 of 12 signals aligned short, 71% confidence, and a 2.00 reward-to-risk read, with RSI 14 at 47.6 and price at 1.0616, down 0.93% over 24h.
Entry: 1.0543 – 1.0573 (chart marks 1.0558)
TP1: 1.0244 (-3.0%)
TP2: 1.0035 (-5.0%)
TP3: 0.9721 (-7.9%)
SL: 1.0976 (+4.0%)
One thing to watch: BTC is rising, and XRP tends to follow it (correlation 0.74), so a BTC push higher could work against this short.
Plan: close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry once TP1 hits.
Where do you see XRP heading next? Personal market analysis only — not financial advice. Manage risk and DYOR.
