Trade Idea: XRP LONG

Opened 2026-01-16 19:30:43 · Valid until 2026-01-17 19:30:43 · Triggered 2026-01-16 20:24:02 · Closed 2026-01-16 21:00:06

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.

LONG CLOSED RR 1.75 Conf 78% Scalp 4-6 hours

Entry

2.05000000

Stop

2.01000000

Targets

2.08000000 / 2.11000000 / 2.14000000

Live price

2.06000000

Live ROI

0.49% vs entry

Idea ID

#6929

Now Entry Stop TP

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Thesis and checks

Analyzing XRP on multiple timeframes reveals a short-term bullish opportunity suitable for a scalp trade:

5m chart: Price shows a bullish engulfing candle near a key support level at $2.03, indicating a potential bounce.
15m chart: RSI is rising from oversold territory, suggesting increasing buying momentum.
1h chart: Price is holding above the 20 EMA, confirming short-term trend support.
Stop loss placed just below recent support at $2.01 limits downside risk.
Targets are set close to recent minor resistance levels to capture quick gains within hours.

Trade ideas are educational. Manage risk and position size.