Trade Idea: XRP SHORT

Opened 2026-01-16 15:40:39 · Valid until 2026-01-17 15:40:39 · Triggered 2026-01-16 15:51:01 · Closed 2026-01-16 20:41:01

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 85% Scalp hours

Entry

2.04000000

Stop

2.08000000

Targets

2.00000000 / 1.96000000 / 1.92000000

Live price

2.06000000

Live ROI

-0.98% vs entry

Idea ID

#6923

Now Entry Stop TP

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Thesis and checks

Scalp opportunity identified on XRP with confluence across multiple timeframes indicating bearish momentum.

5m chart: Bearish engulfing candle formed near resistance at $2.05, signaling short-term reversal.
15m chart: RSI is dropping below 50, confirming weakening bullish momentum.
1h chart: Price rejected from the 20 EMA and forming lower highs, indicating continuation of downtrend.
Stop loss placed just above recent resistance at $2.08 to limit risk.
Targets set near recent support levels at $2.00, $1.96, and $1.92 to secure profits within hours.

Trade ideas are educational. Manage risk and position size.