$XRP / #Ripple | 1H Trade Setup Update Position: 🔴 Short

$XRP / #Ripple | 1H Trade Setup Update

Position: 🔴 Short

Trade Details:
• Entry: 0.5421
• Stop Loss: 0.5445
• Take Profit: 0.5252

● Current Analysis: XRP has rejected off the Value Area High (VAH) of the current range, accompanied by a bearish divergence.

● Technical Indicators: Falling Momentum & Money Flow: Reflects decreasing buying pressure, reinforcing the bearish outlook. Stochastic RSI (Curving Downward): Indicates potential for continued downward movement. Liquidity at Point of Control (POC): Price may seek to capture liquidity near this level, which is within close proximity.

● Outlook: This short position targets 0.5445, with the bearish divergence, falling momentum, and declining money flow suggesting a likely continuation of downward pressure. Traders should remain cautious and monitor price action around the POC, as it could lead to liquidity-driven reversals. Keep an eye on sustained bearish momentum for confirmation of the trade setup.