I'm watching $XRP hover just above its local floor after a continuous step-down beneath the MA60 line.

Price is currently holding at 1.2705, sitting slightly above the 24h low of 1.2687. The short-term structure is cleanly downtrending, with price consistently making lower highs and finding resistance whenever it attempts to reclaim the moving average. While we saw a small volume spike near the recent push down, momentum remains firmly with the sellers, making any long setup here purely a play on a potential local support reaction.

Trade idea:

📍 Entry: 1.2700 – 1.2720

🎯 TP1: 1.2743 (Immediate minor resistance)

🎯 TP2: 1.2803 (Mid-range resistance level)

🎯 TP3: 1.2863 (Prior rejection zone)

🛑 Invalidation: 1.2680

If price drops through the 24h low at 1.2687, the bearish structure continues and invalidates the long idea.

Watching the price action near this low rather than rushing

in early.