$XRP just got rejected at the $1.3159 peak and is now bleeding out. The short-term momentum has shifted, and the price is currently testing a critical support level to see if it holds.
After a sharp run-up, we are seeing a classic lower-high structure form on the 1H timeframe. The price is actively retesting the $1.2880 zone, with the previous local low of $1.2546 sitting firmly below as the last line of defense for buyers.
Market Direction: Bearish
Entry Zone: $1.2880 - $1.2950
Stop Loss: $1.3150
TP1: $1.2650
TP2: $1.2550
Keep your position sizes tight and watch how the candle closes around this $1.288 support—if it breaks, the dump is on.
After a sharp run-up, we are seeing a classic lower-high structure form on the 1H timeframe. The price is actively retesting the $1.2880 zone, with the previous local low of $1.2546 sitting firmly below as the last line of defense for buyers.
Market Direction: Bearish
Entry Zone: $1.2880 - $1.2950
Stop Loss: $1.3150
TP1: $1.2650
TP2: $1.2550
Keep your position sizes tight and watch how the candle closes around this $1.288 support—if it breaks, the dump is on.
