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Trade Idea: XRP SHORT

Opened 2025-09-06 23:29:09 · Valid until 2025-09-07 23:29:09 · Closed 2025-09-08 01:18:10
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 1.60 Conf 75% Scalp hours
Entry 2.79000000
Stop 2.83000000
TP 2.75000000 / 2.72000000 / 2.68000000
Live 2.40000000
ROI 13.98% (vs entry)

Thesis and checks

XRP is currently showing bearish momentum after a slight decline of 0.38% in the last 24 hours. The price is approaching a key resistance level at $2.83, which aligns with the upper Bollinger Band, indicating a potential reversal point.

  • RSI is hovering around 65, suggesting overbought conditions, which could lead to a pullback.
  • The MACD has recently crossed below the signal line, indicating a bearish trend.
  • Support is identified at $2.75, providing a target for the first take profit.

Trade ideas are educational. Manage risk and position size.