Trade Idea: XRP SHORT
Opened 2026-01-12 08:50:41 · Valid until 2026-01-13 08:50:41 · Triggered 2026-01-12 10:59:01 · Closed 2026-01-12 15:23:01
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
CLOSED
RR 1.75
Conf 78%
Scalp
hours
Entry
2.04000000
Stop
2.09000000
Targets
2.00000000 / 1.97000000 / 1.94000000
Live price
2.04000000
Live ROI
0.00%
vs entry
Idea ID
#6745
Now
Entry
Stop
TP
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Thesis and checks
Analyzing XRP on multiple timeframes reveals a short opportunity with strong confluence:
- 5m chart: Price shows a bearish engulfing candle near resistance at $2.05, indicating short-term selling pressure.
- 15m chart: RSI is below 50 and trending down, confirming momentum favors bears.
- 1h chart: Price is below the 20 EMA and 50 EMA, which are aligned bearish, supporting continuation down.
- Current price is near a recent support turned resistance level at $2.05, providing a tight stop at $2.09 for risk control.
- Targets are set just below recent minor support levels to capture quick scalp profits within hours.
Trade ideas are educational. Manage risk and position size.