$XRP is showing a cautious bearish retest setup after a $6.8277K long liquidation near $1.2443. Buyers are attempting to stabilize the price, but the broader daily structure remains weak. Resistance around $1.2650–$1.2750 is the important rejection zone, while $1.2150 remains a key downside level.
EP: $1.2650–$1.2750
TP1: $1.2450
TP2: $1.2150
TP3: $1.1990
SL: $1.2890
The recent liquidation shows pressure on leveraged buyers, while the $1.2233 October low provides additional downside structure. Watch for a liquidity sweep above resistance followed by seller rejection. A confirmed breakout and hold above $1.2890 invalidates this short setup.
EP: $1.2650–$1.2750
TP1: $1.2450
TP2: $1.2150
TP3: $1.1990
SL: $1.2890
The recent liquidation shows pressure on leveraged buyers, while the $1.2233 October low provides additional downside structure. Watch for a liquidity sweep above resistance followed by seller rejection. A confirmed breakout and hold above $1.2890 invalidates this short setup.