This tells you traders chased above $1.40… and the market punished that greed. The size isn’t massive, but it shows positioning was crowded on the upside — a classic setup for a pullback.

Now price needs to prove strength again, otherwise this turns into a deeper cooldown.

Trade Setup (Rejection Play):

Entry (EP): $1.39 – $1.41 (on weak bounce)

Stop Loss (SL): $1.45

Take Profit (TP):

TP1: $1.34

TP2: $1.30

TP3: $1.25

Read the move:

Rejection near $1.42 = sellers defending

Break below $1.38 = continuation down

Reclaim $1.45 = trap → bullish again

This isn’t a crash signal… it’s a warning that upside got overheated.

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#XRP #XRPUSDC #CryptoTrading #ShortSetup #TechnicalAnalysis $XRP

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