$XRP /USDT SHOWS SIGNS OF WEAKNESS — BEARISH MOMENTUM BUILDING BELOW RESISTANCE
The pair is currently trading around 1.3134, struggling to break above the 1.3226 resistance zone while forming lower highs on the lower timeframes. Price rejection near the recent high combined with declining momentum indicators (MACD flattening and volume tapering) suggests sellers are gaining control. If price fails to hold above 1.3090–1.3067 support, a downside continuation is likely.
Trade Setup:
Short Entry: 1.3120 – 1.3160
Targets (TP):
TP1: 1.3065
TP2: 1.3000
TP3: 1.2920
Stop Loss (SL): 1.3240
Market Outlook:
Short-term structure leans bearish unless bulls reclaim 1.3226 with strong volume. A breakdown below support could accelerate selling pressure, while consolidation near current levels may precede the next move. Watch volume closely for confirmation.