Trade Idea: XRP SHORT

Opened 2026-01-12 15:25:43 · Valid until 2026-01-13 15:25:43 · Triggered 2026-01-12 17:34:02 · Closed 2026-01-12 21:56:02

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 CLOSED RR 1.75 Conf 78% Scalp hours

Entry

2.08000000

Stop

2.12000000

Targets

2.04000000 / 2.00000000 / 1.96000000

Live price

2.05000000

Live ROI

1.44% vs entry

Idea ID

#6753

Now Entry Stop TP

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Thesis and checks

Analyzing XRP on 5m, 15m, and 1h charts reveals a bearish confluence ideal for a short scalp trade.

5m chart: Price recently rejected resistance near 2.10 with bearish engulfing candle, indicating short-term selling pressure.
15m chart: RSI is trending down from overbought levels, confirming momentum loss.
1h chart: Price is below the 20 EMA and forming lower highs, signaling a continuation of the downtrend.
Stop placed just above recent resistance at 2.12 to limit risk.
Targets set near recent support levels at 2.04, 2.00, and 1.96 to capture quick downside moves.

Trade ideas are educational. Manage risk and position size.