$XRP/USDT — Rejection Turns Into Sharp Sell-off 📉
Price has slumped to $1.3766, down ~4.4% after facing stiff resistance near $1.43–1.44. The rejection has triggered heavy selling, putting immediate support under pressure.
🔍 Structure Breakdown:
Lower high confirmed, downtrend active
Bearish engulfing candle broke recent consolidation
Testing critical support at $1.37
📌 Levels to Watch:
Immediate Resistance: $1.40 – $1.412
Key Supply Zone: $1.43
Current Support: $1.37
Next Demand Area: $1.34 – $1.32
📉 If Support Breaks:
A close below $1.37 with volume could open path toward $1.34, possibly extending toward $1.32.
📈 Recovery Signal Needed:
Any bullish attempt must reclaim $1.40 and hold it to shift momentum.
⚡ Short Setup (If support fails):
Entry Zone: Below $1.37 breakdown
Targets: $1.34 → $1.32
Stop Loss: Above $1.43 (resistance zone)
Sentiment remains cautious. Manage risk with clear exits.
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