📉 XRP Scalp Trade Setup: Bearish Continuation
$XRP is showing signs of exhaustion after failing to reclaim the critical 1.98–2.00 psychological zone. The 15m chart confirms a bearish shift with a series of lower highs, suggesting that the recent bounce off 1.94 lacks the necessary buyer conviction.
Previous support has officially flipped into resistance. As long as price action remains suppressed under 1.97, the path of least resistance is down.
$XRP ⚡ The Execution Plan (Short)
Entry Range: 1.965 – 1.985
Target 1: 1.930
Target 2: 1.900
Stop Loss: 2.010 (Above local structure)
⚙️ Risk Management
Leverage: 20x – 50x
Position Size: 1% – 3% of total margin
Trade Logic: Once TP1 is secured, move your Stop Loss to Break Even to ensure a "risk-free" ride to the second target.
Invalidation: A decisive 15m candle close above 1.98 invalidates this bearish thesis.
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