XRP / TetherUSShort
$XRP short setup
XRP Short Setup: All Signs Point Down imo, short-term only. Everything is lining up for XRP to take a hit—trendline resistance, upcoming unlocks, macro headwinds, and fading momentum. Here’s why I’m shorting:
1️⃣ Trendline Resistance + Weak Volume
XRP is struggling against major trendline resistance (ranging from the high made 2 weeks ago $3.4), showing clear rejection at the top of its range.
Volume is declining, meaning buyers are running out of steam. A failed breakout with no volume is a recipe for a reversal.
Break or reject? Price action says reject.
2️⃣ XRP Unlocks = Incoming Sell Pressure
On Sat Feb 1 one billion XRP (3.1B worth) unlocks—a massive supply injection.
Ripple historically sells part of these unlocks, adding downward pressure to the price.
Every past unlock event has led to weakness—why should this time be different? Have a look At the price action from DEC 1 and JAN 1... See any patterns?
More supply + weak demand = lower prices.
3️⃣ Macro Headwinds: Strong DXY, Weak ETH/BTC, CPI Uncertainty
DXY is holding strong, hovering above 108.5—bad news for risk assets. The dollar just doesn't want to crash properly.
Ethereum is struggling at resistance, altcoins are lagging, and Bitcoin is at major resistances of its own. Not to mention eth/btc chart, which looks like freefall on higher timeframes (12h to the Weekly charts).
CPI data this week = uncertainty = shaky price action ahead.
XRP doesn’t move in isolation—macro conditions favour downside, at least short term.
I'm in, and this is always risky business, to short the XRP Army. Not just financially, mainly because if I lose the trade, the XRP soldiers won't let me mourn in peace..
Take Profit Strategy, do not even think about copying👽💙:
Target 1: $2.91 (December high, once there, SL to entry price to play it safe)
Target 2: between $2.64 - $2.67 (Golden Pocket, supported by the 50 day MA)
Target 3: $2.51 (a bit above the main support)
Stop Loss: If XRP closes above $3.40 with strong volume, I’m out. You do you, as the motto goes💙
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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.