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Trade Idea: XRP SHORT

Opened 2025-10-22 21:10:40 · Valid until 2025-10-23 21:10:40 · Closed 2025-10-23 06:53:01
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 1.75 Conf 75% Scalp hours
Entry 2.30000000
Stop 2.36000000
TP 2.25000000 / 2.20000000 / 2.15000000
Live 2.40000000
ROI -4.35% (vs entry)

Thesis and checks

Considering the current bearish trend of XRP, a short scalp trade is advisable.

  • The 5m chart shows a bearish engulfing pattern, indicating strong selling pressure.
  • The 15m RSI is below 30, suggesting that the asset is oversold, but a bounce back is unlikely in the immediate term given the overall trend.

Trade ideas are educational. Manage risk and position size.