Scalping & Mid-Term Analysis for XRP

Market Overview:
Trend: XRP is in a clear downtrend after a major breakdown from $2.60.
Key Levels:
Resistance: ~$2.46 - $2.50
Support: ~$2.30 - $2.31 (weak) and $2.20 (stronger)
Indicators:
MACD: Bearish momentum continues, no bullish divergence yet.
EMA: XRP is trading below the 50 EMA, confirming ongoing bearish pressure.
Volume: Declining, indicating a lack of aggressive buyers.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Short-Term Play)
Why? Price is attempting to stabilize near $2.30 - $2.31, but with weak bounce potential.
How?
Buy near $2.30, aiming for a small scalp to $2.40 - $2.45.
Sell near $2.46 - $2.50, as resistance is strong.
Stop-loss below $2.28, as further downside risk exists.
🩸 2. Breakout Scalping (If Volatility Kicks In)
Trigger: A breakout above $2.50 or breakdown below $2.30.
Execution:
If XRP breaks $2.50, scalp long targeting $2.60 - $2.65.
If XRP drops below $2.30, scalp short to $2.20 - $2.15.
🩸 3. EMA Scalping
Why? XRP is consistently rejecting the 50 EMA, meaning shorting resistance is effective.
Execution:
Short near EMA (~$2.45 - $2.50) if price fails to reclaim it.
Go long only if price reclaims EMA with strong volume.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Bias: Bearish → Neutral
Why?
Continued lower highs, signaling no recovery momentum yet.
Breakdown from $2.60 - $2.50 resistance confirmed bearish dominance.
If XRP fails to reclaim $2.50+, expect a retest of $2.20 - $2.15 before stabilizing.
Only a strong move above $2.50 can trigger bullish recovery to $2.65 - $2.70.
🔥 News & Market Context:
No major bullish catalysts, meaning XRP lacks a strong recovery trigger.
Liquidity grab scenario likely, where market makers push XRP below $2.30 before reversing.
Watch for Bitcoin's impact, as XRP follows BTC’s overall market direction.
🔥 Decision: Enter or Stay Out?
🩸 Short-term: Range scalping is viable, but only with caution.
🩸 Mid-term: Bearish unless XRP breaks and holds above $2.50+.
🩸 Ideal Play: Look for shorts on resistance rejection and avoid longs unless $2.50 is reclaimed.

👑 Final Verdict:
XRP is still in a bearish phase. If it fails to break $2.50, expect a deeper correction to $2.20 - $2.15. 🔥