Trade Idea: XRP SHORT

Opened 2026-02-28 14:00:53 · Valid until 2026-03-01 14:00:53 · Triggered 2026-02-28 14:54:02 · Closed 2026-02-28 19:36:02

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 1.70 Conf 75% Scalp hours

Entry

1.33000000

Stop

1.34500000

Targets

1.30500000 / 1.29000000 / 1.27500000

Live price

1.35000000

Live ROI

-1.50% vs entry

Idea ID

#8341

Now Entry Stop TP

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Thesis and checks

Short setup identified on XRP based on multi-timeframe analysis:

5m chart: Bearish engulfing candle near resistance at $1.33, indicating immediate selling pressure.
15m chart: RSI divergence with price failing to break above recent highs, signaling weakening momentum.
1h chart: Price below 20 EMA and 50 EMA crossover bearish, confirming downward trend continuation.
Stop placed just above recent minor resistance at $1.345 to limit risk.
Targets set near recent support levels at $1.305, $1.29, and $1.275 for good risk-reward ratio above 1.6.

Trade ideas are educational. Manage risk and position size.