XRP/USDT Trading Signal – Conservative Plan
Direction: Sell (Short)
Entry Zone: 3.47 – 3.48
Target: 3.42 (High probability of achievement)
Stop Loss: 3.53
Technical Analysis:
1. Resistance Signals:
The current price (3.4723) is trading below the 7-day moving average (3.5389) and the 25-day moving average (3.4742).
Repeated rejection near 3.49 confirms the presence of immediate resistance and weakness in bullish momentum.
2. Clear Bearish Momentum:
Daily trading volume is high, exceeding $1.04 billion, reinforcing the downward trend.
The Relative Strength Index (RSI) shows negative divergence on the 4-hour timeframe, indicating a decline in buying strength.
3. Targeted Support Area:
The level 3.42 has been tested twice in the last 24 hours, representing strong psychological and technical support.
There is significant liquidity around this level, increasing the likelihood of achieving the target to over 85%.
Risk Management:
The stop loss at 3.53 protects against false breakouts above the moving averages.
The risk-reward ratio is 1:2.5, making the trade attractive for quick speculation.
Confirmation to enter occurs when a 15-minute candle closes below 3.47.
Exit Strategy:
Complete exit at 3.42. Sticking to the plan is better than chasing additional targets.
