#XRP Today's Pro Trading Plan for XRP/USDT - May 4, 2025
• Entry Zone:
• 2.1950 - 2.2100 (Test of intraday resistance near MA7 at 2.2180 and 24h high at 2.2188).
• Stop Loss:
• 2.2250 (Above the 24h high and MA7 to account for potential false breakouts).
• Risk/Reward Ratio:
• 1:2.5 (Conservative risk allocation with asymmetric upside).
• Profit Targets:
• Target 1: 2.1760 (24h low, immediate support).
• Target 2: 2.1493 (MA25 dynamic support).
• Target 3: 2.1000 (Psychological level and next structural support).
• Strategy:
• Short on retest of resistance with a focus on bearish momentum below MA7 (2.2180) and MA99 (2.3544).
• Monitor volume divergence: Current 24h Vol (USDT) at 108.28M vs. MA(10) at 110.69M signals weakening participation, reinforcing downside bias.
• Partial profit booking at Target 1, trailing stop to breakeven at Target 2.
• Market's Sentiment:
• Bearish-neutral. Price trades below key moving averages (MA7, MA99) with a -1.05% decline. Weak volume relative to recent averages suggests lack of conviction in upward moves. MA25 (2.1493) acts as interim support but remains vulnerable.
• Invalidation Level / Caution Note:
• Invalidate the bearish thesis if price sustains above 2.2250 (Stop Loss level), indicating a potential reversal toward MA99 (2.3544).
• Caution: Monitor Binance depth charts for sudden liquidity shifts near 2.1760–2.1500. Avoid overleveraging ahead of potential volatility spikes.
Execute with discipline. Adapt to intraday volume cues. 🎯