XRP Trader Closes Profitable 3R Short After Key Rejection

• Crypto trader Popeye recently announced he successfully closed his XRP short position, locking in a 3-to-1 reward-to-risk ratio with almost no drawdown. Despite facing backlash for his bearish view, he emphasized staying “real and transparent” to help his followers make objective, data-driven decisions.

• Popeye’s chart showed XRP getting rejected near the $2.75 resistance level, where buying momentum dried up. The price then dropped sharply, hitting his target and completing the trade. The critical question now is whether XRP can hold above $2.30 support—if it doesn’t, we could see further drops toward $2.20, adding pressure across altcoin markets. Long holders should stay alert given the current volatility and thin liquidity.

As Popeye put it: “This trade is done for me. Got a good share of hate for posting it, but I’ve promised myself to keep it real and transparent.”

• His approach highlights a growing trend toward honest trading culture, where sharing both wins and losses builds credibility in a speculative market.

• This trade shows how disciplined execution and solid technical planning can deliver consistent wins even during pullbacks. A 3R trade—where profit is three times the initial risk—proves why structured risk management beats emotional trading every time. For those watching for a reversal, XRP would need to reclaim $2.35 support and push back above $2.55 with strong volume to signal buyers are returning.

• XRP’s price action mirrors the broader uncertainty in crypto, where rallies keep hitting resistance. The asset remains trapped in a descending pattern that’s defined its recent structure, reflecting the cautious mood as traders digest macro pressures and regulatory news.