$XRP Losing Momentum After Sharp Rally Pullback Toward Lower Support Looks Likely

Trade Setup: Short

Entry Zone: 1.2130 - 1.2200

SL: 1.2630

TP1: 1.1750

TP2: 1.1350

TP3: 1.0970

Following a strong impulsive move, $XRP is consolidating below resistance and showing signs of exhaustion. Failure to reclaim the 1.22 area could lead to a corrective move as buyers take profits and sellers regain control.

XRP
XRPUSDT
1.1814
-3.07%

The bearish setup remains valid while price stays below 1.2630. Use maximum 20x leverage and move SL to entry as soon as the trade goes in profit.