XRP (XRP/USDT) Trade Alert: Bearish Setup as Death Cross Approaches
The XRP market is showing signs of weakness, and traders may have a short opportunity based on key technical indicators.
Let’s break down the latest trade setup and what’s driving this potential move.
Trade Details:
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Sell Zone: $2.0972
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Target: $2.0817
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Stop Loss: $2.1090
This setup offers a good risk-to-reward ratio for short-term traders, especially those who follow technical signals closely.
Why XRP Looks Bearish
XRP is currently facing sell pressure.
On the 1-hour chart, the EMA 50 is below the EMA 200, a classic sign of short-term bearish momentum.
This means sellers are gaining control and pushing the price down gradually.
But more importantly, on the 4-hour timeframe, XRP is close to forming a Death Cross—a bearish pattern that occurs when the 50-period EMA crosses below the 200-period EMA.
If this formation completes, it could trigger stronger selling activity in the market.
What Traders Should Watch
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Confirmation of the Death Cross on the 4-hour chart
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Price rejection near the $2.0972 resistance zone
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Break below $2.09 with volume could lead to a move toward the $2.0817 target
Final Thoughts
This setup suggests a short opportunity with controlled risk. As always, traders should monitor price action carefully and stick to their trading plan.
The technicals point toward a possible short-term drop, but proper risk management is key.
Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own research before trading.
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