๐ $XRP โ Bearish Short Setup | Sellers Remain in Control
SHORT ๐ด
๐ Entry Zone: $1.31โ$1.34
๐ Stop Loss (SL): $1.39
๐ฏ Take Profit Targets:
- TP1: $1.28
- TP2: $1.24
- TP3: $1.20
๐ Market Analysis:
XRP has faced rejection from the $1.40โ$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.
๐ Key Levels:
- Major Resistance: $1.40โ$1.50
- Entry Zone: $1.31โ$1.34
- Downside Targets: $1.28, $1.24, and $1.20
โ ๏ธ 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. ๐
Sell and Trade $XRP here ๐
DYOR.
SHORT ๐ด
๐ Entry Zone: $1.31โ$1.34
๐ Stop Loss (SL): $1.39
๐ฏ Take Profit Targets:
- TP1: $1.28
- TP2: $1.24
- TP3: $1.20
๐ Market Analysis:
XRP has faced rejection from the $1.40โ$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.
๐ Key Levels:
- Major Resistance: $1.40โ$1.50
- Entry Zone: $1.31โ$1.34
- Downside Targets: $1.28, $1.24, and $1.20
โ ๏ธ 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. ๐
Sell and Trade $XRP here ๐
DYOR.