Current XRP/USDT Trading Strategy as of June 29
1. Short Order
• Entry: 2.190
• Stop-loss: 2.230
• Take-profit: 2.130
• ✅ Strategy: XRP is approaching the strong resistance area of 2.19–2.22, where it was previously rejected. The 1h and 4h charts show signs of negative divergence, suitable for a short-term Short if BTC does not break out strongly.
• ⛔ Warning: If BTC exceeds 108,200 or XRP closes above 2.23 with high volume → the risk of a large squeeze is very high, exit the order immediately.
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2. Long Order
• Entry: 2.090
• Stop-loss: 2.054
• Take-profit: 2.170
• ✅ Strategy: The 2.08–2.09 area is a short-term support, coinciding with the MA100 on the 4h timeframe and the 0.382 fibo from the latest uptrend. You can enter the order if the price tests again and shows a reversal signal (bullish engulfing/pin bar).
• ⛔ Warning: If it breaks 2.054 → XRP could quickly drop to 1.98–2.00, especially if BTC falls deeply.
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✅ Probability Assessment:
• Short: ~60% (priority due to being near resistance + clear profit-taking signal)
• Long: ~40% (only open if there is a good reaction at the support area of 2.09)
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📌 Important Note:
• XRP often moves strongly with BTC but has a slight lag → need to closely monitor BTC.
• If BTC loses the 105,800 level, both Long scenarios are invalid.
• If BTC exceeds 108,200, it is advisable to stop the Short strategy with all altcoins, including XRP.
👉 XRP is in a consolidation area – prioritize trading according to clear technical zones, do not chase prices based on emotions.