XRP is fluctuating around the 2.10 – 2.15 area, and many people are starting to Long in the middle of the wave. I am not. I am preparing for two upcoming trading scenarios when the market truly makes a decision – possibly right before or after the FOMC news.
Scenario 1 – Short when XRP breaks below 2.165
I will Short from 2.162 – 2.168, placing SL at 2.185.
TP1: 2.08 – near support area.
TP2: 1.95 – if the market panics.
Why?
2.165 is a clear distribution area. If XRP climbs here but cannot hold, it is very likely to be sold off. This is not FOMO, this is 'going against the crowd when they lose patience.'
Scenario 2 – Long if it breaks 2.00 and then bounces back strongly
Long from the 2.01 – 2.03 area, placing SL at 1.97.
TP1: 2.10 – bounce back to near resistance.
TP2: 2.18 – 2.25 if there is a recovery after the FED news.
Why?
If XRP tests the 2.00 area again without crashing deeply, it could be a shakeout to attract money back. I will only Long if I see strong volume signs after breaking 2.00.
My principle:
Do not chase the price.
Always have clear SL and TP.
Always wait for confirmation instead of guessing.
I will set pending orders for both scenarios and only act when the market gives a clear signal. This is how I have survived in crypto for many years.
What about you?
Will you Long, Short, or stay out with XRP right now?
Above is the article sharing the future trading strategy for XRP in a preparation style – strategy
Everyone is invited to discuss and express their opinions.