XRP Intraday Short Alert! Catching the Dip for Quick Profits! 📉🚀

XRP/USDShortIntraday1w ago20 views

Trade Setup

Entry Price

1.3565

Stop Loss

1.3889

Take Profit

1.2755

Risk : Reward

1 : 2.50

RiskReward

What's good KoraFX fam! Chinelo here, and today we're looking at XRP/USD with a tactical eye 👀. While I'm always bullish long-term on crypto, we gotta adapt to market moves to secure those gains! XRP is currently at 1.35, showing a -2.85% drop in the last 24 hours, and the trend is clearly bearish for now. The day range has been between 1.323 and 1.377, consolidating after a push.

Diving into the Technicals & Fundamentals


Technically, XRP is struggling against resistance levels like 1.355 and 1.36. We've seen it test the 1.377 resistance earlier today and got rejected. This tells me there's strong selling pressure at those higher levels. Fundamentally, it feels like general market uncertainty is leading to some profit-taking across the board, pushing XRP lower despite its long-term potential. This is a classic intraday setup to capitalize on short-term weakness!

My Aggressive Intraday Short Play!


My setup is aggressive, just how

Comments

Loading comments...