XRP/USD Short Position Update
Currently tracking a short setup on XRP/USD, with an entry at 2.17554, stop loss at 2.22573, and a target of 2.10437.
Market Structure: Price rejected a key resistance level, showing signs of exhaustion.
Bearish Confluence: Increased selling pressure with wicks forming at the highs, indicating potential downside continuation.
Risk Perspective: The trade aligns with the broader trend, respecting liquidity zones and key support levels.
Watching for a decisive move toward the TP, with risk management in place should momentum shift. Let’s see how price action unfolds.
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