XRP/USDT Spot Trading Setup (Intraday Strategy)

Current Price: ~$2.29

Market Type: Spot (Binance)

Timeframe: 15m – 1h

Strategy: Short-term Rejection Trade

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Trade Idea: Potential Pullback After Rejection at Resistance

XRP recently tested the $2.31 – $2.33 zone but showed signs of rejection, indicating a possible short-term retracement. Volume has decreased, and lower highs are forming.

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Trade Setup

Entry Zone: $2.3150 – $2.3300 (If price retests this resistance zone)

Targets:

TP1: $2.2800

TP2: $2.2500

TP3: $2.2100

Stop Loss: $2.3650 (Above recent highs)

Risk/Reward: Approximately 1:2 to 1:3 depending on entry and exit

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Technical Outlook

Resistance: $2.33

Support: $2.25 – $2.21

RSI: Watch for RSI divergence or cross below 50 on 15m–1h

Volume: Look for volume spike if breaking below $2.2800 for confirmation

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Disclaimer

This setup is for spot trading only. Always manage your risk and avoid using leverage in volatile conditions.