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Trade Idea: XRP SHORT

Opened 2025-09-30 14:30:40 · Valid until 2025-10-01 14:30:40 · Closed 2025-10-01 06:31:02
How this works. Pending means price has not hit entry. Live means entry was hit and the trade is active until TP or SL or expiry. Closed means TP or SL hit, or expired. Times are UTC. Educational use only.
SHORT PENDING RR 2.40 Conf 75% Scalp hours
Entry 2.80000000
Stop 2.85000000
TP 2.75000000 / 2.70000000 / 2.65000000
Live 2.40000000
ROI 14.29% (vs entry)

Thesis and checks

The current price of XRP shows a bearish trend with a recent 24h change of -2.3524%. Analyzing the 5m, 15m, and 1h charts reveals strong confluence for a short position.

  • The 5m chart indicates a bearish engulfing pattern, suggesting a continuation of the downward momentum.
  • The 1h chart shows a resistance level at $2.85, which aligns with the stop-loss, providing a favorable risk-reward ratio.

Trade ideas are educational. Manage risk and position size.