Analysis
$XRP (
15-Minute Frame)
XRP failed to hold above the 1.98 – 2.00 area and began to reverse with lower highs forming on the 15-minute timeframe.
Selling pressure is still ongoing, and the rebound from 1.94 is weak, with no clear signals for strong buying yet.
The price is currently trading below a previous support that has turned into resistance.
As long as XRP is below 1.97, the bearish scenario remains likely.
However, recovering the price and closing and holding above this area would invalidate the selling trade idea.
📉 Scalping Plan – Sell Trade (Short)
Entry Area: 1.965 – 1.985
First Target (TP1): 1.930
Second Target (TP2): 1.900
Stop Loss (SL): 2.010
Leverage: 20x – 50x
Margin: 1% – 3%
Risk Management Advice:
Take partial profits at TP1 and then move the stop loss to the entry point to secure the trade.
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