🔥 Market Overview:
Trend: Strong Bearish
Resistance Levels: $2.23 – $2.24 (EMA 200)
Support Levels: $2.18 – $2.17
Volume & Liquidity: Increased selling pressure
Indicators:
MACD: Weak bullish crossover, but still in negative territory
RSI: Neutral (47), slight recovery from oversold zone
EMA 9 & 200: Clear downtrend confirmation
Market Maker Moves: Possible stop hunts near $2.18
🔥 Scalping Strategy:
🩸 1. Buy near: $2.18 – $2.19
Target 1: $2.22 (+1.83%)
Target 2: $2.23 (+2.29%)
Stop-Loss: Below $2.16
🩸 2. Short near: $2.23 – $2.24
Target 1: $2.19 (-1.79%)
Target 2: $2.17 (-2.69%)
Stop-Loss: Above $2.26
🔥 Mid-Term Trend Forecast (1-3 Weeks):
Bearish Continuation: Below $2.20, XRP may retest $2.10
Bullish Reversal: A breakout above $2.25 could push XRP back to $2.30
⚡ News & Market Context:
Bloomberg estimates a 65% probability of XRP ETF approval – long-term bullish
Current market conditions remain risk-heavy, with XRP following BTC/ETH trends
Exchange Order Book: High liquidity around $2.23 resistance
💰 Profit Calculation & ROI:
Long:
Profit: +2.29%
ROI: +11.46%
Short:
Profit: +2.69%
ROI: +13.45%
👑 Trade Rating (1-10):
Long Setup: 6/10 (Short-term potential, but risky)
Short Setup: 8/10 (Better confirmation, stronger trend)
🔥 Decision:
🩸 Short-term: Scalp long from $2.18, but with tight risk management
🩸 Mid-term: Favor shorts unless XRP reclaims $2.25
🩸 Ideal Play: Short from $2.23, targeting $2.17
🔥 Best Asset for Scalping: XRP offers volatility, but BTC remains safer
👑 Final Verdict: Controlled scalping, shorts preferred!
🔥 FinCaesar:
"Fortune favors the bold, but discipline protects the wise."
Trend: Strong Bearish
Resistance Levels: $2.23 – $2.24 (EMA 200)
Support Levels: $2.18 – $2.17
Volume & Liquidity: Increased selling pressure
Indicators:
MACD: Weak bullish crossover, but still in negative territory
RSI: Neutral (47), slight recovery from oversold zone
EMA 9 & 200: Clear downtrend confirmation
Market Maker Moves: Possible stop hunts near $2.18
🔥 Scalping Strategy:
🩸 1. Buy near: $2.18 – $2.19
Target 1: $2.22 (+1.83%)
Target 2: $2.23 (+2.29%)
Stop-Loss: Below $2.16
🩸 2. Short near: $2.23 – $2.24
Target 1: $2.19 (-1.79%)
Target 2: $2.17 (-2.69%)
Stop-Loss: Above $2.26
🔥 Mid-Term Trend Forecast (1-3 Weeks):
Bearish Continuation: Below $2.20, XRP may retest $2.10
Bullish Reversal: A breakout above $2.25 could push XRP back to $2.30
⚡ News & Market Context:
Bloomberg estimates a 65% probability of XRP ETF approval – long-term bullish
Current market conditions remain risk-heavy, with XRP following BTC/ETH trends
Exchange Order Book: High liquidity around $2.23 resistance
💰 Profit Calculation & ROI:
Long:
Profit: +2.29%
ROI: +11.46%
Short:
Profit: +2.69%
ROI: +13.45%
👑 Trade Rating (1-10):
Long Setup: 6/10 (Short-term potential, but risky)
Short Setup: 8/10 (Better confirmation, stronger trend)
🔥 Decision:
🩸 Short-term: Scalp long from $2.18, but with tight risk management
🩸 Mid-term: Favor shorts unless XRP reclaims $2.25
🩸 Ideal Play: Short from $2.23, targeting $2.17
🔥 Best Asset for Scalping: XRP offers volatility, but BTC remains safer
👑 Final Verdict: Controlled scalping, shorts preferred!
🔥 FinCaesar:
"Fortune favors the bold, but discipline protects the wise."
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.