$XRP /USDT short tread single š“ š¦
SHORT TRADE SIGNAL: DOUBLE TOP NEAR RESISTANCE!
$XRP surged to a local high of $2.3293 but is showing signs of exhaustion after repeated rejection at this level. The price action resembles a double top formation on the lower timeframes, with weakening volume and RSI divergence confirming bearish pressure building up.
š» Trade Setup (SHORT):
Entry Price: $2.3000 ā $2.3250
Target 1: $2.2300
Target 2: $2.1650
Target 3: $2.1000
Stop Loss: $2.3450
š Why Short?
$XRP failed to break and hold above the $2.33 resistance, printing wicks and lower highs. Momentum indicators signal a likely short-term top. The 15m and 1h timeframes show a bearish divergence with slowing buy-side volume. A close below $2.29 could confirm the drop toward lower support zones.
ā ļø Risk Management Tip:
Secure partial profits at Target 1 and trail your SL to breakeven. Avoid entering late ā shorting tops requires precision and discipline.
