XRP Short Squeeze incoming? Time for a quick dip before the next pump! 📉🚀
XRP/USDShortIntraday1w ago0 views
Trade Setup
Entry Price
1.4570
Stop Loss
1.4918
Take Profit
1.3700
Risk : Reward
1 : 2.50
RiskReward
What's up, KoraFX fam! Jiho Jang here from Seoul! 👋 Usually, you know I'm all about those bullish vibes, and I'm still super optimistic on XRP long-term! 🔥 But for an intraday play, sometimes you gotta ride the current wave, and right now, XRP is showing us some tactical short opportunities! The overall trend is bearish, and we're seeing some weakness around resistance.
Intraday Weakness & Resistance Check 🧐
XRP is currently chilling around 1.45, but it's been struggling! We're down -1.12% in the last 24h, and the day range high was 1.4789999999999999 – showing rejection up there. Critically, we've got resistance levels at 1.455 and 1.46. Price has been tapping these and pulling back. The general crypto market has been a bit choppy lately, adding to this short-term downward pressure on XRP, despite the long-term bullish narrative I believe in.
My Tactical Short Setup 💸
I'm looking to scalp this weakness! My plan is to enter a short position at 1.457. This is a super aggressive play, anticipating a rejection from that immediate resistance zone. My Stop Loss is set tight at 1.4918 – gotta protect the capital, right?! And for Take Profit, I'm aiming for 1.37. That's a nice move down, possibly testing
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