🔥 Market Overview:
Trend: XRP is in a short-term downtrend, trading below the 200 EMA.
Key Levels:
Resistance: $2.675 – 200 EMA, acting as strong resistance.
Support: $2.640 – Recent low, potential bounce area.
Indicators:
EMA 200: Price is below, indicating bearish pressure.
MACD: Bearish momentum building, signaling further downside risk.
RSI: 36 – Approaching oversold territory, potential short-term bounce.
🔥 Scalping Strategy:
🩸 1. Range Scalping
Buy near: $2.640, targeting $2.665.
Sell near: $2.675, targeting $2.690.
Stop-loss below: $2.630.
🩸 2. EMA Scalping
Short entries near: 200 EMA ($2.675).
Exit at: $2.640 support.
🩸 3. Breakout Scalping
If XRP breaks below $2.640 with volume, short to $2.620.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
Rejection from $2.675 could lead to a further decline to $2.620.
Bullish case: If XRP reclaims the 200 EMA, upside potential toward $2.700.
🔥 News & Market Context:
XRP lacks strong bullish catalysts, making it vulnerable to broader market sentiment.
Bitcoin and Ethereum leading direction—if they drop, XRP follows.
Current low volume suggests weak bullish conviction.
🔥 Decision:
🩸 Short-term: Favor scalping shorts from $2.675.
🩸 Mid-term: Needs to break above 200 EMA to shift bullish.
🩸 Ideal Play: Sell rallies until XRP shows strength.
👑 Final Verdict:
XRP remains weak below the 200 EMA. Until bulls reclaim control, short positions are favored on rebounds. Break below $2.640 confirms deeper downside.
🔥 "A wise general does not fight uphill battles. The battlefield must be chosen with precision, or defeat is certain." 👑
Trend: XRP is in a short-term downtrend, trading below the 200 EMA.
Key Levels:
Resistance: $2.675 – 200 EMA, acting as strong resistance.
Support: $2.640 – Recent low, potential bounce area.
Indicators:
EMA 200: Price is below, indicating bearish pressure.
MACD: Bearish momentum building, signaling further downside risk.
RSI: 36 – Approaching oversold territory, potential short-term bounce.
🔥 Scalping Strategy:
🩸 1. Range Scalping
Buy near: $2.640, targeting $2.665.
Sell near: $2.675, targeting $2.690.
Stop-loss below: $2.630.
🩸 2. EMA Scalping
Short entries near: 200 EMA ($2.675).
Exit at: $2.640 support.
🩸 3. Breakout Scalping
If XRP breaks below $2.640 with volume, short to $2.620.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
Rejection from $2.675 could lead to a further decline to $2.620.
Bullish case: If XRP reclaims the 200 EMA, upside potential toward $2.700.
🔥 News & Market Context:
XRP lacks strong bullish catalysts, making it vulnerable to broader market sentiment.
Bitcoin and Ethereum leading direction—if they drop, XRP follows.
Current low volume suggests weak bullish conviction.
🔥 Decision:
🩸 Short-term: Favor scalping shorts from $2.675.
🩸 Mid-term: Needs to break above 200 EMA to shift bullish.
🩸 Ideal Play: Sell rallies until XRP shows strength.
👑 Final Verdict:
XRP remains weak below the 200 EMA. Until bulls reclaim control, short positions are favored on rebounds. Break below $2.640 confirms deeper downside.
🔥 "A wise general does not fight uphill battles. The battlefield must be chosen with precision, or defeat is certain." 👑
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.