📉 $XRP — Bearish Short Setup | Sellers Remain in Control
SHORT 🔴
📍 Entry Zone: $1.31–$1.34
🛑 Stop Loss (SL): $1.39
🎯 Take Profit Targets:
- TP1: $1.28
- TP2: $1.24
- TP3: $1.20
📉 Market Analysis:
XRP has faced rejection from the $1.40–$1.50 resistance zone, forming a clear lower-high structure that signals continued weakness. Sellers are maintaining pressure as price struggles to reclaim higher levels. If bearish momentum continues and the $1.31 area fails to hold, further downside toward $1.28, $1.24, and potentially $1.20 may come into focus.
🔑 Key Levels:
- Major Resistance: $1.40–$1.50
- Entry Zone: $1.31–$1.34
- Downside Targets: $1.28, $1.24, and $1.20
⚠️ Risk Note: Wait for bearish confirmation before entering. A recovery above the entry zone could weaken the setup, while a move above $1.39 would invalidate it according to the planned stop loss. Always manage risk and position size carefully.
Bearish bias while lower highs remain intact. 📉
Sell and Trade $XRP here 👇
DYOR.
SHORT 🔴
📍 Entry Zone: $1.31–$1.34
🛑 Stop Loss (SL): $1.39
🎯 Take Profit Targets:
- TP1: $1.28
- TP2: $1.24
- TP3: $1.20
📉 Market Analysis:
XRP has faced rejection from the $1.40–$1.50 resistance zone, forming a clear lower-high structure that signals continued weakness. Sellers are maintaining pressure as price struggles to reclaim higher levels. If bearish momentum continues and the $1.31 area fails to hold, further downside toward $1.28, $1.24, and potentially $1.20 may come into focus.
🔑 Key Levels:
- Major Resistance: $1.40–$1.50
- Entry Zone: $1.31–$1.34
- Downside Targets: $1.28, $1.24, and $1.20
⚠️ Risk Note: Wait for bearish confirmation before entering. A recovery above the entry zone could weaken the setup, while a move above $1.39 would invalidate it according to the planned stop loss. Always manage risk and position size carefully.
Bearish bias while lower highs remain intact. 📉
Sell and Trade $XRP here 👇
DYOR.