$XRP Short Position Thesis
XRP is testing key support following a rejection at the local high ~$1.69–$1.70. The market structure on lower timeframes reflects a series of lower highs, indicating seller dominance and weakening buyer momentum.
Key Levels & Technical Metrics
Resistance Invalidation .Stop Loss $1.55–$1.70 Swing high descending trendline
Key Support Breakout Target. $1.33–$1.36
Downside Targets: $1.15 and $1.00
RSI 14-Day41 (Momentum leaning bearish)
MACD (12, 26): Bearish cross negative territory #AEROSurges17%In24Hours #IranSaysItCapturedUSUnmannedSubmarine #SaudiHaltsSouthernEnergySitesAfterAttacks
XRP is testing key support following a rejection at the local high ~$1.69–$1.70. The market structure on lower timeframes reflects a series of lower highs, indicating seller dominance and weakening buyer momentum.
Key Levels & Technical Metrics
Resistance Invalidation .Stop Loss $1.55–$1.70 Swing high descending trendline
Key Support Breakout Target. $1.33–$1.36
Downside Targets: $1.15 and $1.00
RSI 14-Day41 (Momentum leaning bearish)
MACD (12, 26): Bearish cross negative territory #AEROSurges17%In24Hours #IranSaysItCapturedUSUnmannedSubmarine #SaudiHaltsSouthernEnergySitesAfterAttacks
