$XRP USDC – EUPHORIC SPIKE FOLLOWED BY WEAK CLOSE! SHORT TRADE SIGNAL
BIG WICK ABOVE $2.97 SHOWS REJECTION
PRICE RETREATING AFTER PARABOLIC MOVE
XRP surged from $2.19 to $2.97 in a vertical fashion, but the current 4H candle prints a long upper wick with a lower close, signaling potential exhaustion and profit-taking.
Trade Setup:
Short Entry: $2.77
TP1: $2.63
TP2: $2.48
Stop Loss: $2.99
Market Outlook:
Momentum is cooling after an overextended move. Retracement likely unless new highs are reclaimed quickly.
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