📊 Professional technical analysis for the currency: XRP/USDT
📅 Date: June 2, 2025
⏱ Timeframe: Daily (1D)
💰 Daily opening price: 2.1666 USDT
📍 Signal: 📉 Sell (Short)
✅ Confidence level: 87%
🔟 Reasons to sell 🔻
🔴 Clear negative cross between the Tenkan line and the Kijun line
🔴 The price is completely below the Ichimoku cloud (clear bearish signal)
🔴 A lower high (LH) formed at 2.60 in mid-May, without breaking the previous high
🔴 The last higher low (HL) was not strong enough to form a new uptrend
🔴 The last daily candle closed below the Tenkan line, supporting the continuation of the drop
🔴 The overall price trend since the beginning of May is clearly bearish
🔴 Chikou Span is below the price, which is an additional confirmation of the downtrend
🔴 Inability of the price to stay within the Ichimoku cloud (clear rejection from above)
🔴 The general trend medium to long term on ZigZag is bearish
🔴 Price behavior at the support of 2.16 indicates weakness and an increasing probability of a breakdown
🎯 Targets:
First target: 2.0200
Second target: 1.9000
Third target: 1.7600
Stop Loss: 2.2950
⏳ Expected duration to reach the first target:
From 4 to 6 trading days
📉 Drop percentage from the opening price:
To the first target: -6.76%
To the second target: -12.30%
To the third target: -18.77%
📘 Short Trading Plan (Short to Medium Term)
Enter now at 2.1666
Set the stop loss above the cloud at 2.2950
Setting the following targets:
Take 40% of the contract at 2.0200
Take 30% at 1.9000
Hold the remainder until 1.7600
Move the stop loss to the entry point after reaching the first target to protect profit
🔁 This analysis is not direct trading advice, but a technical view based on the current chart
📉 Strong sell signals on the daily timeframe supported by price patterns and Ichimoku behavior
