🚨
$XRP Relief Bounce – Short Opportunity 🚨
$XRP has bounced from the local low near $1.11 and is now pushing back into the previous breakdown zone. This move looks more like a classic relief bounce after a sharp sell-off, not a confirmed trend reversal.
Price is currently trading below prior resistance, and upside momentum is already losing strength. On lower timeframes, this setup often results in another pullback once buyers exhaust.
📉 Short Setup (Scalp Trade)
Entry Zone: 1.30 – 1.33
Invalidation: Above 1.36
🎯 Targets
TP1: 1.25
TP2: 1.20
Potential Range: 100% → 500% (with leverage)
⚠️ This is a short-term scalp.
Suggested leverage: 20x – 50x
Risk allocation: 1% – 5% margin
💡 Consider booking partial profits at TP1 and securing the trade early.
📌 Short
#XRP here 👇👇
#XRX #MarketCorrection #RiskAssetsMarketShock