$XRP Maintains Downtrend Below 2.77 – Short Position Reopened with Caution
$XRP continues to show weakness, staying firmly bearish below the $2.50 level. I was stopped out of my earlier short trade overnight, but I’ve re-entered with a fresh short position based on the current trend signals. There’s no need to panic — the setup remains technically valid. As always, I focus my short trades primarily on major coins like XRP, which generally behave more predictably compared to highly volatile altcoins.
Had I opened short positions across several low-cap altcoins yesterday, the outcome could’ve been disastrous. With the sharp bounce in the broader altcoin market, a $9,000–$10,000 position might have easily snowballed into double-digit losses in just a few hours. Thankfully, sticking to high-liquidity assets like XRP helps limit unnecessary risk exposure. For anyone managing similar trades, it's critical to monitor resistance zones closely and use tight stop-loss strategies, as recommended by Binance’s risk control guidelines. Stay focused, trade smart, and avoid emotional decisions in volatile conditions.