$XRP /USDT SHORT TRADE SIGNAL – BEARISH STRUCTURE STILL INTACT AFTER DEAD CAT BOUNCE!
$XRP has been rejected near $2.22 after a brief recovery attempt. The price remains locked in a strong downtrend from the $2.27 peak, showing classic lower highs and lower lows on the 15-minute timeframe. This weak bounce presents a fresh shorting opportunity.
Trade Setup (SHORT):
Entry: $2.2100 – $2.2250
Target 1: $2.1900
Target 2: $2.1650
Target 3: $2.1300
Stop Loss: $2.2350
Why Short?
Despite a minor bounce, the price action failed to break structure. The volume on the retrace is weaker than on the sell-off, suggesting that bulls are losing strength. Until $2.2350 is broken, trend continuation remains the more likely scenario.
Risk Management Tip:
Use trailing stop once TP1 hits. Don’t average down if SL is hit — reevaluate the setup.
Sell smart — don’t chase green candles when the trend is turning red!#MyCOSTrade #CUDISBinanceTGE #BlackRockETHPurchase #BinanceAlphaAlert #CircleIPO $XRP