$XRP is bearish. The broader trend shows a clear sequence of lower highs (1.53 -> 1.43 -> 1.39 -> 1.35) and lower lows, confirming strong selling pressure
• On the 1-hour chart, the price is consolidating weakly after a sharp drop to 1.28, struggling to gain any meaningful upward momentum
• Strongly favor short positions on any minor bounce back into the dynamic resistance zone
$XRP Short Setup
· Short entry: 1.31 to 1.32 (retest of the breakdown level)
· Stop loss: Above 1.34
· Take profit 1: 1.29 (recent swing low)
· Take profit 2: 1.28 (major structural support)
Support me—trade here 👇#xrp
• On the 1-hour chart, the price is consolidating weakly after a sharp drop to 1.28, struggling to gain any meaningful upward momentum
• Strongly favor short positions on any minor bounce back into the dynamic resistance zone
$XRP Short Setup
· Short entry: 1.31 to 1.32 (retest of the breakdown level)
· Stop loss: Above 1.34
· Take profit 1: 1.29 (recent swing low)
· Take profit 2: 1.28 (major structural support)
Support me—trade here 👇#xrp