$XRP Struggling Below 200 EMA As Recovery Momentum Stalls
Trade Setup: Short
Entry Zone: 1.140 – 1.155
TP1: 1.120
TP2: 1.090
TP3: 1.050
SL: 1.180
Price is trading below the 200 EMA (1.1778) after failing to sustain its recent recovery from the 1.050 low. The market continues to print lower highs beneath a major dynamic resistance zone, while bullish momentum appears to be fading near the EMA. Unless buyers reclaim and hold above the 200 EMA, the current structure favors another move lower toward key support levels. A rejection from the resistance area would further strengthen the bearish outlook.