XRP is testing the 0.5250 region after a clean break of the prior swing high, and the momentum is now skewed bearish. The price is hugging a fresh order block that aligns with the recent liquidity sweep.
🔴 $XRP SHORT 📉
Entry $1.2920-$1.2946 | SL $1.3321 (-3.0%) | TP1 $1.2739 (+1.5%) | TP2 $1.2286 (+5.0%) | R/R 1:1.7 | Conf 64%
The CHoCH on the 1‑hour chart ripped the bullish structure, while CVD turned negative confirming the sell pressure. A fair‑value gap and an overlapping order block create a POI confluence, and the liquidity sweep wiped the last buy stop, setting the stage for a short swing.
A 3.0% stop is relatively tight for this volatility, so a max of 5‑10× leverage keeps risk manageable.
Take half the position off at the first profit target around 0.5050 to lock in early gains.
Not financial advice — always manage your own risk 🙏
$XRP #XRPUSDT #CPIWatch #TradingSignals #Write2Earn
🔴 $XRP SHORT 📉
Entry $1.2920-$1.2946 | SL $1.3321 (-3.0%) | TP1 $1.2739 (+1.5%) | TP2 $1.2286 (+5.0%) | R/R 1:1.7 | Conf 64%
The CHoCH on the 1‑hour chart ripped the bullish structure, while CVD turned negative confirming the sell pressure. A fair‑value gap and an overlapping order block create a POI confluence, and the liquidity sweep wiped the last buy stop, setting the stage for a short swing.
A 3.0% stop is relatively tight for this volatility, so a max of 5‑10× leverage keeps risk manageable.
Take half the position off at the first profit target around 0.5050 to lock in early gains.
Not financial advice — always manage your own risk 🙏
$XRP #XRPUSDT #CPIWatch #TradingSignals #Write2Earn