Crypto Analysis: XRP/USD – Short Trade Setup!

🔻
Setup Type: Bearish Breakdown – Symmetrical Triangle
Trade Plan: Short Position

🎯 Entry & Exit Plan
Entry Zone: Around $142.80B (Break below triangle support)

Stop-Loss (SL): Near $144.05B (Above upper triangle resistance)

Take-Profit Targets:

TP1: $140.96B (Support / previous reaction zone)

TP2: $138.72B (Major support)

📊 Risk-Reward Breakdown
Risk: ~$1.25B

Reward to TP1: ~$1.84B → R:R ~1:1.5

Reward to TP2: ~$4.08B → R:R ~1:3.2
✅ Strong asymmetric reward potential

🔍 Technical Breakdown
Bearish Breakdown: Price breaking below triangle support with increased volume

Trendline Support: Broken – signaling potential momentum shift

Resistance Above: $144.05B – strong rejection area

Support Zones:

TP1: $140.96B

TP2: $138.72B

⚙️ Execution Strategy
Confirmation Required: Enter only after candle closes below trendline with decent volume

Partial Profit Booking:

50% at TP1

Let the rest run to TP2

SL Adjustment: Move SL to break-even after TP1 is hit

⚠️ Risk Considerations
Fakeouts: Use volume confirmation to avoid false breaks

Market Sentiment Risk: Ripple news, BTC movement, or SEC-related headlines

Mitigation: Stick to your plan, size your position properly (1-2% risk)

🧠 Final Thoughts
Clean short setup from triangle breakdown

Solid risk management = potential 1:3+ reward

Be patient — confirmation is everything

Let the trade come to you

No breakdown = no trade

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