$XRP Technical Analysis: Bearish Structure Below EMA – Short Opportunity?
The
$XRP chart is currently flashing warning signs for bulls as the price action remains trapped in a weak consolidation phase below key moving averages. After failing to reclaim psychological resistance levels, the market structure has shifted, favoring a bearish continuation.
📊 Technical Overview
$XRP is struggling to find buyers as it trades consistently below the Exponential Moving Average (EMA). This rejection confirms that the prior support has now flipped into a formidable resistance zone. As long as the price stays suppressed under these levels, the path of least resistance remains downward.
📉 Trade Setup: Short
$XRP Based on the current bearish momentum and structural breakdown, here is the high-probability setup:
* Direction: Short
* Entry Zone: 1.38 – 1.41
* Stop Loss: 1.46 (Above recent swing high)
🎯 Profit Targets
* Target 1: 1.32 (Short-term liquidity)
* Target 2: 1.26 (Major structural support)
* Target 3: 1.20 (Psychological level)
* Target 4: 1.12 (Final extension)
💡 Why is this happening?
The lack of follow-through on recent relief rallies suggests that the "smart money" is using these bounces to distribution. For a trend reversal, would need a decisive daily close above the 1.46 – 1.50 range with significant volume—which is currently absent.
Traders' Tip: Always practice strict risk management. The crypto market is volatile; never risk more than 1-2% of your capital on a single trade.
What do you think? Will XRP hold 1.20, or are we heading lower? Let me know in the comments! 👇
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