🔥 $XRP faced a strong rejection from 1.6091 and is now trading around 1.5766.
📉 Bearish Signals:
Sharp rejection from 1.6091
Price is below MA(7) 1.5832
Short-term momentum is weakening
1.5715 (MA25) is the key support
Short Entry Zone: 1.5800–1.5850 on rejection
🛑 Invalidation: Sustained breakout above 1.6000
Downside Targets: 1.5715 → 1.5520 → 1.5388
Key Level: A decisive break below 1.5715 could increase downside momentum. If XRP reclaims 1.6000, the short setup becomes invalid.
📉 Bearish Signals:
Sharp rejection from 1.6091
Price is below MA(7) 1.5832
Short-term momentum is weakening
1.5715 (MA25) is the key support
Short Entry Zone: 1.5800–1.5850 on rejection
🛑 Invalidation: Sustained breakout above 1.6000
Downside Targets: 1.5715 → 1.5520 → 1.5388
Key Level: A decisive break below 1.5715 could increase downside momentum. If XRP reclaims 1.6000, the short setup becomes invalid.
