$XRP $XRP : Rejection at Resistance – Preparing for a Pullback?
As a Strategic Trader, it's important to recognize when momentum shifts. While the long-term outlook for
$XRP remains interesting, the short-term price action is showing signs of exhaustion. We’ve seen multiple rejections at the upper boundary, and with "Extreme Fear" creeping into retail sentiment, a healthy retest of lower support levels looks likely.
📊 Strategic Trade Setup (SHORT):
Entry Zone: 1.945 – 1.965 🎯
Target 1 (TP1): 1.890 (Immediate Support)
Target 2 (TP2): 1.845 (Major Liquidity Zone) 📉
Stop-Loss (SL): 2.015 🛡️
$XRP Strategic Insights:
XRP has failed to hold above the psychological $2.00 level for several sessions. On the 4H chart, we are seeing a bearish divergence on the RSI, and the price is currently drifting toward the lower end of its recent range (~$1.89). If the support at $1.90 breaks, we could see an accelerated move toward the $1.80 flash-crash lows.
Risk Management: This is a counter-trend move. Keep your leverage low (3x-5x) and watch the $1.98 resistance closely. If we close a daily candle above $2.03, the bearish bias is invalidated.
Are you shorting the resistance, or do you think the bulls will break through? Let me know below! 👇
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