$XRP /USDT – Rejection at Key Resistance, Short-Term Pullback Setup
$XRP recently tested the 1.35 resistance zone but failed to sustain momentum, showing a clear rejection. Price action is now printing lower highs along with consistent bearish candles — a sign that buyers are losing control in the short term.
After slipping below the mid-range support, the structure is shifting bearish, indicating a potential continuation to the downside before any meaningful recovery.
Trade Plan:
• Entry Zone: 1.33 – 1.35
• Stop Loss: 1.37 (above resistance for protection)
Targets:
• TP1: 1.31 (minor support reaction)
• TP2: 1.28 (previous demand zone)
• TP3: 1.25 (key support level)
Additional Insight:
Momentum is fading after rejection, and unless $XRP reclaims 1.35 with strong volume, downside pressure is likely to continue. This setup favors a controlled pullback rather than a full trend reversal — so manage risk accordingly.
Strategy Note:
Wait for confirmation (weak bounce or rejection wick) before entry instead of chasing price. Patience here improves accuracy.
