XRP SHORT — Daily Trend Bearish, Sellers Target 1.1244
XRP is pointing lower on the daily chart, with price sitting below both the EMA50 and EMA200 in a bearish stack, so the big-picture trend is clearly down.
Entry: 1.1598 – 1.1612
TP1: 1.1470 (-1.2%)
TP2: 1.1379 (-1.9%)
TP3: 1.1244 (-3.1%)
SL: 1.1786 (+1.6%)
Why: the daily trend shows price below EMA50 and EMA200 in a bearish stack, meaning the big-picture trend is down. Moderate conviction only, so keep size light.
Risk: BTC is rising and this coin follows it (corr 0.61).
Plan: close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Sellers are in control for now — watching whether price holds below the entry zone here.
$XRP
XRP is pointing lower on the daily chart, with price sitting below both the EMA50 and EMA200 in a bearish stack, so the big-picture trend is clearly down.
Entry: 1.1598 – 1.1612
TP1: 1.1470 (-1.2%)
TP2: 1.1379 (-1.9%)
TP3: 1.1244 (-3.1%)
SL: 1.1786 (+1.6%)
Why: the daily trend shows price below EMA50 and EMA200 in a bearish stack, meaning the big-picture trend is down. Moderate conviction only, so keep size light.
Risk: BTC is rising and this coin follows it (corr 0.61).
Plan: close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Sellers are in control for now — watching whether price holds below the entry zone here.
$XRP
