XRP 2-21

🔥 Market Overview:
Trend: XRP is in a short-term downtrend, trading below the 200 EMA.
Key Levels:
Resistance: $2.675 – 200 EMA, acting as strong resistance.
Support: $2.640 – Recent low, potential bounce area.
Indicators:
EMA 200: Price is below, indicating bearish pressure.
MACD: Bearish momentum building, signaling further downside risk.
RSI: 36 – Approaching oversold territory, potential short-term bounce.
🔥 Scalping Strategy:
🩸 1. Range Scalping

Buy near: $2.640, targeting $2.665.
Sell near: $2.675, targeting $2.690.
Stop-loss below: $2.630.
🩸 2. EMA Scalping

Short entries near: 200 EMA ($2.675).
Exit at: $2.640 support.
🩸 3. Breakout Scalping

If XRP breaks below $2.640 with volume, short to $2.620.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
Rejection from $2.675 could lead to a further decline to $2.620.
Bullish case: If XRP reclaims the 200 EMA, upside potential toward $2.700.
🔥 News & Market Context:
XRP lacks strong bullish catalysts, making it vulnerable to broader market sentiment.
Bitcoin and Ethereum leading direction—if they drop, XRP follows.
Current low volume suggests weak bullish conviction.
🔥 Decision:
🩸 Short-term: Favor scalping shorts from $2.675.
🩸 Mid-term: Needs to break above 200 EMA to shift bullish.
🩸 Ideal Play: Sell rallies until XRP shows strength.

👑 Final Verdict:
XRP remains weak below the 200 EMA. Until bulls reclaim control, short positions are favored on rebounds. Break below $2.640 confirms deeper downside.

🔥 "A wise general does not fight uphill battles. The battlefield must be chosen with precision, or defeat is certain." 👑