$XRP Today's Pro Trading Plan: XRP/USDT - May 21, 2025
1. Primary Bias & Setup: Short bias within a descending channel (intraday swing). Price rejects MA(20) at 2.3668, signaling bearish continuation below 2.3615.
2. Entry Zone: 2.3580–2.3620, confluent with MA(20) resistance and prior swing high (2.3927).
3. Stop Loss Placement: 2.3720 (above MA(20) and recent high). Invalidation confirmed on a 15m close above.
4. Risk/Reward Ratio: 1:3 (10 pips risk, 30 pips reward).
5. Profit Targets:
• Target 1: 2.3450 (prior support)
• Target 2: 2.3300 (channel midline)
• Target 3: 2.3141 (24h low, liquidity pool)
6. Market Sentiment: Weak volume flow (-0.79% momentum), bearish divergence on 4h RSI. Sellers dominate below 2.3668.
7. Invalidation Plan & Contingency: If SL hit, flip long above 2.3720 targeting 2.3927 (24h high), SL at 2.3580.
Execution Note: Monitor 15m OB at 2.3450 for pullback; trail SL to breakeven at Target 1.
Disclaimer: All trading involves risk. This content is for informational purposes only. Please trade responsibly.