$XRP FACING RESISTANCE โ A REJECTION COULD TRIGGER THE NEXT DROP ๐ฏ
Entry: 1.1105 โ 1.1130 ๐ฅ
Target: 1.1050, 1.0990, 1.0934 ๐
Stop Loss: 1.1190 โ ๏ธ
XRP is pressing against a firm resistance zone around 1.11 that has already rejected price twice this week. Volume on each rally has been declining, which tells me buyers are losing conviction. If sellers step in here, the next leg lower could come fast.
The short has a clean risk-to-reward with three defined targets โ the first one is only 50 pips away. Are you watching for a rejection at this level?
Not financial advice. Always manage your risk.
#XRP #ShortSetup #Resistance #Crypto
๐ฏ
Entry: 1.1105 โ 1.1130 ๐ฅ
Target: 1.1050, 1.0990, 1.0934 ๐
Stop Loss: 1.1190 โ ๏ธ
XRP is pressing against a firm resistance zone around 1.11 that has already rejected price twice this week. Volume on each rally has been declining, which tells me buyers are losing conviction. If sellers step in here, the next leg lower could come fast.
The short has a clean risk-to-reward with three defined targets โ the first one is only 50 pips away. Are you watching for a rejection at this level?
Not financial advice. Always manage your risk.
#XRP #ShortSetup #Resistance #Crypto
๐ฏ