Everyone is looking for a bounce on $XRP , but I'm watching whether sellers can turn resistance into another rejection zone.
$XRP /USDT – SHORT
Trade Plan
Entry: $1.1450 – $1.1560
SL: $1.1680
TP1: $1.1350
TP2: $1.1300
TP3: $1.1268
Why This Setup?
4H Structure: XRP continues to trade under short-term resistance, with price struggling to establish higher highs. The structure remains vulnerable to further downside while resistance caps upside momentum.
Price Positioning: The $1.1568 level is the key area buyers must reclaim. Until that happens, rallies into resistance remain potential selling opportunities.
Daily Context: The broader trend remains bearish, suggesting that upside moves are currently corrective rather than trend-changing. Market participants will be watching for confirmation before committing to a larger recovery.
Volume Behavior: Buying pressure has been inconsistent near resistance, while sellers continue to defend key levels. A lack of strong volume expansion favors a rejection scenario.
As long as $1.1568 remains unbroken, the path of least resistance favors a move back toward support and nearby liquidity resting below current price.
Click Trade here 👇
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