Recently, I've been eyeing a potential downside for XRP. Looking at the 4-hour chart, the price has consistently been trading below the EMA(99) and EMA(25), which isn't an ideal position.
Here’s my trading plan: consider shorting in the 2.0700 to 2.1100 range, with a stop loss set at 2.1550. If the price action goes as expected, the three target levels are 2.0150, 1.9500, and 1.8500.
Technically, there are a few points supporting this view: the price was rejected and pulled back from the 2.10-2.15 area, the MACD has already formed a bearish crossover, and the RSI is hovering below 50, showing that bearish momentum is still in play. If the current consolidation range breaks downward, the downside could open up further.
Of course, risk management is key—if the price breaks above 2.2000, this bearish setup becomes invalid and adjustments must be made promptly.
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ProbablyNothing
· 23h ago
I’ve been watching this XRP bearish move too, but 2.1 seems like a level that could fluctuate a lot. Gotta keep a close stop-loss.
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SelfMadeRuggee
· 12-07 04:49
XRP is indeed a bit weak this time, but if 2.2 breaks, I'll admit defeat and stop getting entangled.
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ponzi_poet
· 12-07 04:47
The bearish logic for XRP this time is indeed clear. The MACD death cross and the RSI resistance level both point downward. However, if it breaks above 2.2, just admit the loss directly—there's no need to be stubborn.
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P2ENotWorking
· 12-07 04:46
This XRP move is really aggressive. If it can’t break through that 2.15 barrier, I’ll go short. But aiming for 1.85 might be a bit greedy...
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AirdropHarvester
· 12-07 04:43
Yeah, the 2.1 level is indeed a bit tight, I also noticed the MACD death cross... But XRP is really good at fakeouts, so don’t trust the technicals too much.
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WhaleWatcher
· 12-07 04:42
XRP is indeed pretty fierce this time. We need to hold the 2.15 level—if it breaks, we have to get out.
#比特币对比代币化黄金 🔻 XRP Short Opportunity Watch
Recently, I've been eyeing a potential downside for XRP. Looking at the 4-hour chart, the price has consistently been trading below the EMA(99) and EMA(25), which isn't an ideal position.
Here’s my trading plan: consider shorting in the 2.0700 to 2.1100 range, with a stop loss set at 2.1550. If the price action goes as expected, the three target levels are 2.0150, 1.9500, and 1.8500.
Technically, there are a few points supporting this view: the price was rejected and pulled back from the 2.10-2.15 area, the MACD has already formed a bearish crossover, and the RSI is hovering below 50, showing that bearish momentum is still in play. If the current consolidation range breaks downward, the downside could open up further.
Of course, risk management is key—if the price breaks above 2.2000, this bearish setup becomes invalid and adjustments must be made promptly.
$XRP $SENT $CARV