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Trade Idea: XRP SHORT

Opened 2025-10-06 04:55:41 · Valid until 2025-10-07 04:55:41 · Closed 2025-10-06 17:28:02
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 2.50 Conf 75% Scalp hours
Entry 2.95000000
Stop 3.00000000
TP 2.90000000 / 2.85000000 / 2.80000000
Live 2.41000000
ROI 18.31% (vs entry)

Thesis and checks

The current price of XRP shows a bearish trend with a recent decline of 2.19% over the last 24 hours. Analyzing the 5m, 15m, and 1h charts reveals strong confluence for a short position.

  • The 5m chart indicates a bearish engulfing pattern, suggesting a potential reversal.
  • The 1h chart shows resistance at $3.00, which aligns with the recent price action, providing a solid stop-loss level.

Trade ideas are educational. Manage risk and position size.