$XRP Losing Strength Near $2 — Bears Taking Control
Trade Signal (Day Trade — Short Setup):
Sell Range: 2.03–2.06
TP1: 1.98
TP2: 1.95
TP3: 1.92
SL: 2.13
Leverage: 20–50x (risk 1–2%)
Open Trade in Future👇🏻
Spot Traders:
Avoid rushing spot buys here. Safer accumulation zone is near $1.90–$1.85 if the market stabilizes.
Why This Trade:
XRP failed to hold above the $2.10–$2.12 resistance and is now forming lower highs with continuous selling pressure. Price already broke below the short-term support at $2.03 and is hovering weakly around $2.02, showing buyers are struggling to defend this zone. On the fundamentals side, there is no major fresh bullish catalyst for XRP right now, while overall market liquidity is rotating back into $BTC and $ETH. Sentiment across altcoins is turning cautious again after recent sharp corrections. ETF inflows remain focused on Bitcoin, not supporting strong capital rotation into XRP. On the derivatives side, long liquidations are increasing below $2.05, showing late buyers are getting trapped and flushed — which usually supports further downside continuation. As long as XRP stays below $2.13, this short setup remains valid. Secure partial profits at TP1 and trail risk tightly. And if you’re still not following Token Talk daily, you are clearly missing disciplined, high-probability setups like this.