I'm watching $XRP around $1.2962, and the recent price action is making me cautious about the upside. Buyers attempted another push toward $1.2990, but price failed to hold that area and slipped back below the MA60.
The MA60 currently sits at $1.2979, making it an important level to watch.
The chart shows repeated rejection around $1.2990, followed by weakening short-term momentum. I'm leaning toward a short setup, but I'd prefer confirmation rather than chasing the current move.
My Trade Setup (SHORT)
š Entry: $1.2965ā$1.2979 (on a failed reclaim)
šÆ TP1: $1.2940
šÆ TP2: $1.2914
š Invalidation: Sustained recovery above $1.2990.
A convincing reclaim of $1.2990 would weaken my bearish idea, especially if XRP manages to establish support above the MA60.
Volume is present, but the chart doesn't yet show a decisive breakdown. That makes confirmation important.
For now, I'm watching how XRP reacts around $1.2965 and whether sellers can maintain pressure below the moving average.
No reason to force an entry while price is still deciding its next direction.