XRP (XRP/USD) Scalping & Mid-Term Analysis

🔥 Market Overview:
Trend: Bearish
Key Levels:
Resistance: $2.23, $2.35
Support: $2.15, $2.05
Indicators:
MACD: Weak bullish divergence, but no confirmation
RSI: 44.9, slight recovery, but still weak
EMA 200: Resistance at $2.32, rejection likely
Liquidity & Volume:
Decreasing volume—market lacks strong momentum
Market makers likely accumulating before a bigger move
🔥 Scalping Strategy:
🩸 1. Momentum Scalping (Short Bias)

Entry: Short at $2.20-$2.23
Target: $2.15 (-2.3%), $2.05 (-6.7%)
Stop-loss: Above $2.25
Expected Profit: 2.3%-6.7%
🩸 2. Range Scalping

Buy Zone: $2.15 support level
Target: $2.22 (+3.2%)
Stop-loss: Below $2.12
Expected Profit: 3.2%
🩸 3. Breakout Scalping

Entry: If XRP breaks below $2.12
Target: $2.05 (-3.3%)
Stop-loss: Above $2.15
Expected Profit: 3.3%
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If XRP fails to reclaim $2.23, further decline to $2.05 is possible
If XRP breaks above $2.23, expect a retest of $2.35
Only a breakout above $2.35 will flip the trend bullish
🔥 News & Market Context:
XRP ETF applications submitted, but no major response yet
Low volatility suggests waiting for a catalyst
Risk-off sentiment in the market
🔥 Decision & Risk Rating (1-10):
🩸 Short-term (Scalping): Short bias, 7/10 (Profitable but needs caution)
🩸 Mid-term (Swing): Bearish, 6/10 (Needs confirmation)
🩸 Best Play: Short near $2.20 with a target of $2.15-$2.05

👑 Final Verdict:
XRP is weak, lacking momentum. Short setups are safer. If $2.23 holds as resistance, expect a breakdown.

🔥 FinCaesar's Statement:
"The patient trader outlasts the reckless gambler."